2368 Military Dr - Retail FOR SALE


San Antonio, TX 78223- Brooks
$3,105,000 USD
858-449-4503
2368 Military Dr, San Antonio, TX for Sale
$3,105,000 USD
Retail - FOR SALE
1/8
null | 5.15% Cap Rate

2368 Military Dr
San Antonio, TX 78223
Brooks


HIGHLIGHTS

  • LONG TERM ABSOLUTE NNN GROUND LEASE
  • STRONG CORPORATE PUBLICLY TRADED GUARANTOR
  • HIGH TRAFFIC COUNTS - 24,635 CPD
  • ADJACENT TO MAJOR RETAIL SHOPPING CENTER
  • PROJECTED 3.84% ANNUAL POPULATION GROWTH
  • DENSELY POPULATED – 200K+ PEOPLE IN 5-MILE RADIUS

OVERVIEW

CORPORATELY GUARANTEED LEASE • Texas Roadhouse had an impressive AUV of $8MM+ in FY2024 with a reported 8.5% increase in same stores’ growth • Corporate signature backed by 780+ across 49 states • First opened in 1993, over 30 years of successful operations LONG TERM ABSOLUTE NNN LEASE • With over 12 years remaining on the primary lease term, plus options, this provides any investor with passive long-term income • Completely passive NNN investment – ZERO landlord responsibilities • Attractive 10% increases every 5 years in the Primary and Option Terms STRONG PUBLICLY TRADED TENANT – TEXAS ROADHOUSE INC (NASDAQ: TXRH) • Revenue: $5.09 billion (2025) • Net Income: $390 million (2025) • Assets: $2.91 billion • Employees: 91,000 ATTRACTIVE GROUND LEASE STRUCTURE • Attractive ground lease structure providing incredible security to any investor with tenant’s significant investment into the building and improvements • Upside upon building and improvements reverting to Landlord upon expiration of the Lease – ability to convert ground rent to land and building rent IDEALLY LOCATED NEAR BROOKS CORNER SHOPPING CENTER • Subject property is located adjacent to a major regional shopping center co-anchored by Target, Home Depot, and HEB. Jr anchors include Ross, Petco, Burlington and Boot Barn. STRONG TRAFFIC ALONG MAJOR RETAIL THOROUGHFARE • Ideally located along SE Military Drive, a major retail thoroughfare through San Antonio • High Traffic: o SE Military Drive – 24,635 CPD o Interstate 37 – 76,151 CPD DENSELY POPULATED TRADE AREA WITH EXCEPTIONAL DEMOGRAPHICS • 204,728 people in a 5-mile radius • 74,459 households in a 5-mile radius • 2025 median age of 36.3, ideal for a Bubbas 33 • Projected 3.84% annual growth rate between 2025 to 2030 MAJOR RETAIL TRADE AREA SURROUNDED BY SEVERAL NATIONAL TENANTS • Located just one block from a Walmart anchored center including Sam’s Club and Best Buy. • Several national tenants in the trade area including Chick fil A, Whataburger, Starbucks, IHOP, 7 Brew Coffee , Starbucks and several others. ACCESS TO MAJOR INTERSTATE 37 AND DOWNTOWN SAN ANTONIO • Subject property is located just over 1 mile from Interstate 37 providing tremendous access to commuters • Downtown San Antonio is just 7 miles from the subject property

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
858-449-4503

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

Ed Colson, CCIMInvestCore CommercialMore Info
858-449-4503

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