11812 Bandera Rd - Restaurant FOR SALE


Helotes, TX 78023- Sonoma Ranch
$3,823,000 USD
817-932-6100
11812 Bandera Rd, Helotes, TX for Sale
$3,823,000 USD
Restaurant - FOR SALE
1/4
null | 5.75% Cap Rate

11812 Bandera Rd
Helotes, TX 78023
Sonoma Ranch


HIGHLIGHTS

  • Rare Percentage Rent Absolute Net Lease - Strong Store Sales Reported 2023/2024 Trending Up
  • Located in Dense Retail Trade Area Within the San Antonio MSA
  • Saltgrass Steak House is a Subsidiary of Multinational Hospitality and Entertainment Company Landry's Inc. based out of Houston, Texas

OVERVIEW

The subject property is an Absolute Net Leased leased restaurant Investment on 1.2 acres in Helotes (San Antonio MSA). Saltgrass Steak House has been operating at this location since 2011 and the lease has percentage rent. The percentage rent is 3 percent of sales above $4 Million and the trend has been showing year over year growth. Helotes is a city in Bexar County, Texas, United States, located on the far northwest side of San Antonio. It is part of the San Antonio-New Braunfels Metropolitan Statistical Area.

FOR SALE DETAILS

PRICE

$3,823,000 USD

PRICE/SF

$564 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Saltgrass Steak House

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

C-3

APN/PARCEL ID

14867-001-0040

ASK ABOUT THIS PROPERTY

Mark McCoyMarcus & MillichapMore Info
817-932-6100

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Mark McCoyMarcus & MillichapMore Info
817-932-6100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.