2368 Military Dr - Retail FOR SALE


San Antonio, TX 78223- Brooks
$3,105,000 USD
858-391-4604
2368 Military Dr, San Antonio, TX for Sale
$3,105,000 USD
Retail - FOR SALE
1/11
null | 5.15% Cap Rate

2368 Military Dr
San Antonio, TX 78223
Brooks


HIGHLIGHTS

  • Prime location surrounded by a plethora of national retailers and restaurants that create demand in one of San Antonio’s most active locations.
  • NNN ground lease with over 12 years remaining on the primary lease, plus options, providing any investor with passive long-term income.
  • Exceptional visibility along SE Military Drive, which carries approximately 24,635 cars per day, and Interstate 37, with roughly 76,151 cars per day.
  • Upside potential with the building reverting to the landlord at the term's end, with the ability to convert ground rent to land and building rent.

OVERVIEW

Discover 2368 Military Drive, a newly constructed restaurant offering a long-term absolute NNN ground lease with over 12 years remaining on the primary term by Bubba’s 33, a subsidiary of Texas Roadhouse, averaging weekly sales around $163,000. The building totals approximately 9,352 square feet and was built in 2023 on a large 94,656-square-foot lot, providing excellent site coverage, strong curb appeal, and long-term functionality for a national tenant. The building is equipped with air conditioning, a dedicated turn lane, and monument, pylon, and prominent on-site signage, all designed to support high-volume restaurant operations. Multiple extension options and a 10% rent increase every five years provide investors with built-in income growth and long-term inflation protection. Bubba’s 33 offers seamless access to Interstate 37 for commuters and customers, with Downtown San Antonio approximately 7 miles away. The site benefits from exceptional visibility with exposure to over 76,000 vehicles daily. 2368 Military Drive is ideally positioned near the Brooks Corner Shopping Center, co-anchored by Target, The Home Depot, and H-E-B, with additional junior anchors such as Ross Stores, Petco, Burlington, and Boot Barn. Proximity to a Walmart-anchored center with Sam’s Club and Best Buy and a dense concentration of national restaurant and retail tenants such as Chick-fil-A, Whataburger, Starbucks, IHOP, and 7 Brew Coffee creates a powerful retail and dining corridor that consistently drives consumer traffic. The surrounding area is home to approximately 225,334 residents within a 5-mile radius. The median age of 36.3 aligns well with Bubba’s 33’s target customer base, and the area is projected to experience an annual population growth rate of approximately 3.84 % between 2025 and 2030, reinforcing long-term consumer demand and tenant sustainability. 2368 Military Drive presents a secure investment backed by a best-in-class restaurant in one of San Antonio’s most active locations.

FOR SALE DETAILS

PRICE

$3,105,000 USD

PRICE/SF

$332 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Bubba's 33 (TX Roadhouse Inc.) Corp GL

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

S New Braunfels Ave

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ed Colson, CCIMInvestCore CommercialMore Info
858-391-4604

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Ed Colson, CCIMInvestCore CommercialMore Info
858-391-4604

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