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512 Zanderson Ave
Jourdanton, TX 78026
Subway · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The property is operated by an experienced Subway franchisee who successfully owns and operates over 35 Subway locations.
- One-block away from Jourdanton High School which sees over 10,000 VPD.
- Located approximately thirty-seven miles south of downtown San Antonio and is located on State Highway 16.
- The Franchisee is in the third year of a NNN, five-year lease. There are four five-year renewal options with 10% increases at each term.
- The property is available for purchase at $540,000. Which translates to an immediate 6.89 percent cap rate return.
EXECUTIVE SUMMARY
Beale Properties is pleased to present a Subway located just south of San Antonio at 512 Zanderson Ave, Jourdanton, TX.
Located approximately thirty-seven miles south of downtown San Antonio.
This Subway property is located on the highly trafficked State Highway 16, one-block away from Jourdanton High School which sees over 10,000 visitors per day.
The property is operated by an experienced Subway franchisee who successfully owns and operates over 35 Subway locations. Subway has nearly 20,576 franchise locations nationwide.
The Franchisee is in the third year of a NNN, five-year lease. There are four five-year renewal options with 10% increases at each term.
The property is available for purchase at $520,000, which translates to an immediate 7.15 percent cap rate return.
Located approximately thirty-seven miles south of downtown San Antonio.
This Subway property is located on the highly trafficked State Highway 16, one-block away from Jourdanton High School which sees over 10,000 visitors per day.
The property is operated by an experienced Subway franchisee who successfully owns and operates over 35 Subway locations. Subway has nearly 20,576 franchise locations nationwide.
The Franchisee is in the third year of a NNN, five-year lease. There are four five-year renewal options with 10% increases at each term.
The property is available for purchase at $520,000, which translates to an immediate 7.15 percent cap rate return.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,890 SF
Building Class
C
Year Built
2012
Price
$520,000
Price Per SF
$275.13
Cap Rate
7.15%
NOI
$37,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.69 AC
Zoning
Commercial - Commercial
Parking
37 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
200’ on Zanderson Ave
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | R23935 | Improvements Assessment | $310,210 |
| Land Assessment | $54,000 | Total Assessment | $364,210 |
PROPERTY TAXES
Parcel Number
R23935
Land Assessment
$54,000
Improvements Assessment
$310,210
Total Assessment
$364,210
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