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3639 E Evans Rd
San Antonio, TX 78259
Swig · Retail Property For Sale
Investment Highlights
- New 10-year corporate absolute NNN ground lease to Swig, a rapidly expanding drive-thru sodafountain chain with ideal growth projections.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Systemwide revenue increased by an estimated 25%+ in 2025, driven by strong same-store sales and continued consumer demand.
- 10% rental increases every five years in initial term and two (2) option periods of five years each, providing a long-term income generator.
- Swig expanded to 125+ total locations in 2025, reflecting unit growth of roughly 20% year-over-year as it entered several new markets.
- Swig plans to expand to 200+ total locations by the end of 2026, representing projected unit growth of approximately 60% year-over-year.
Executive Summary
This prime Swig location is strategically positioned across from a Sprouts Farmers Market-anchored development, generating steady consumer traffic. Situated just off the hard signalized intersection of Bulverde Road, which carries over 24,800 vehicles per day, and Evans Road with 20,600 vehicles per day, the site offers excellent visibility and accessibility. The surrounding area is home to several high-enrollment schools, including Johnson High School with 3,251 students, Tejeda Middle School with 1,055 students, and Bulverde Creek Elementary with 1,050 students, providing a strong customer base. Within a five-mile radius, 166,980 residents contribute to robust retail demand—a demographic that has grown by 40% since 2010 and enjoys an average household income of $173,398 within one mile. In addition, the property benefits from proximity to major employers such as JP Morgan Chase’s San Antonio Corporate Center, which employs 5,000 individuals. With projected increases in both population and income across the 1-, 3-, and 5-mile radii, this location is ideally positioned to capitalize on San Antonio’s ongoing growth and market momentum.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
640 SF
Building Class
B
Year Built
2026
Price
$1,026,000
Price Per SF
$1,603.13
Cap Rate
5.85%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.45 AC
Parking
11 Spaces (18.33 Spaces per 1,000 SF Leased)
Frontage
31’ on East Evans Road
Amenities
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 18218-032-0070 | Improvements Assessment | $0 |
| Land Assessment | $260,000 | Total Assessment | $260,000 |
Property Taxes
Parcel Number
18218-032-0070
Land Assessment
$260,000
Improvements Assessment
$0
Total Assessment
$260,000
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