2301 Pat Booker Rd - Restaurant FOR SALE


Universal City, TX 78148- Universal City Park
$3,657,143 USD
310-486-9900
2301 Pat Booker Rd, Universal City, TX for Sale
$3,657,143 USD
Restaurant - FOR SALE
1/7
null | 7% Cap Rate

2301 Pat Booker Rd
Universal City, TX 78148
Universal City Park


HIGHLIGHTS

  • Situated along Pat Booker Rd, a Major Thoroughfare in Universal City, with High Visibility and Easy Access to Nearby Highways Like I-35 and Loop 1604.
  • New 20 Year Sale Leaseback, Investors Can Benefit From Long Term Rental Income.
  • Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities.
  • Attractive Rental Increases | 10% Every 5 Years, Including Option Periods.
  • Brand New Construction ($600K) Paid by Tenant to Commence at COE.
  • National Tenant – Golden Corral Is Recognized As the Largest Family-Style Buffet Chain in the United States

OVERVIEW

Nestled in the San Antonio Metropolitan Area, Texas's second-largest city with a population surpassing 2.7 million, this property is ideally located along Pat Booker Road, a key thoroughfare in Universal City. It offers excellent visibility and convenient access to major highways, including Interstate 35 and Loop 1604. Its proximity to Randolph Air Force Base, a significant economic driver and employer, adds to its attractiveness. The surrounding area features a variety of retailers, such as Walmart Supercenter, Dollar Tree, Buffalo Wild Wings, Chick-fil-A, Whataburger, Starbucks, Taco Bell, Subway, and Sonic Drive-In, fostering a dynamic commercial environment. The demographic profile within a 5-mile radius is robust, with over 220,000 residents and an average household income of nearly $100,000. The property includes a new 20-year sale leaseback arrangement, allowing investors to benefit from long-term rental income through an absolute triple net (NNN) lease, which requires no landlord responsibilities. With rental increases of 10% every five years and three additional five-year options, the investment is particularly attractive. The tenant is funding a brand-new construction valued at $600K at closing. Golden Corral, the national tenant, stands as the largest family-style buffet chain in the United States, boasting over 362 locations and a commendable long-term operating history. Having operated at this site for over 20 years and with a commitment of more than 35 years, it demonstrates strong stability. This high-performing location also features an impressive 8% rent-to-sales ratio, and in 2023, Golden Corral was ranked #63 on Franchise Time’s Top 500 List, while earning the Silver Plate Award from the International Foodservice Manufacturers Association in 2022.

FOR SALE DETAILS

PRICE

$3,657,143 USD

PRICE/SF

$472 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Corral

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

05047-951-0030

ASK ABOUT THIS PROPERTY

Robert NarchiMarcus & MillichapMore Info
310-486-9900

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Robert NarchiMarcus & MillichapMore Info
310-486-9900

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