8410 State Highway 151
San Antonio, TX 78245
Bombshell's · Retail Property For Sale

The subject property is an 11,637 sf freestanding NNN Furr's Fresh Buffet located off State Highway 151 in San Antonio, TX. In 2014, Food Management Partners (FMP) acquired the Furr's brand under Fresh Acquisitions, LLC. Through restructuring, Fresh Acquisitions took over operations of 25 Furr's stores throughout 5 states. The Lease assumed by Fresh Acquisitions has approximately 15.5 years remaining with 1.2% annual escalations. In addition, the Lease also contains a 5% percentage rent clause on sales over $3.7M. This breakpoint of $3.7M remains throughout the term of the Lease, which will provide inflation protection for the Landlord throughout the remaining term of the Lease. FMP, originally one of the largest Little Caesars franchisee and a founding franchisee of Smashburger, currently operates 273+ restaurants throughout 22 states. The brands included are: Zio's Italian Kitchen (16 stores), Don Pablo's (23 stores), Coco's (47 stores), Carrows (11 stores), HomeTown Buffet (59 stores), Old Country Buffet (36 stores), Tahoe Joe's (10 stores), and Ryan's (44 stores). FMP was founded in 1999 and is headquartered in San Antonio. This Furr's is FMP's only location in San Antonio. Furr's sits as an out-parcel to Main Event Entertainment and Monterrey Village, a mixed-use development that will contain over 500 apartment units. Approximately ¼ mile from Interstate 410, the property benefits from high traffic counts off 151 (over 74,500 AADT), and being across from a large power center anchored by Target, Lowe's, Ross, Toys R Us, Babies R Us, PetSmart, Gander Mountain, and Office Depot. In addition, Furr's is located in a high volume restaurant trade area which includes: Chuy's, Chili's, Twin Peaks, Friday's, Buffalo Wild Wings, Cracker Barrel, IHOP, Panera Bread, Buffalo's, Five Guys, and Chipotle. The property is also located just south of Sea World, which averages approximately 3 million visitors per year.