Burger King

San Antonio, TX

Price $2,403,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Closed
Tenant Burger King
LEASE TYPE Absolute NNN
SQUARE FEET 3,906
PRICE/SQ FT $615
YEAR BUILT 1995
LEASE EXP. 2032
LISTING AGENT Jessica Zahn Gibson
602-770-7145
jess@ciadvisor.com

Property Description

Burger King has 14 years remaining on an Absolute NNN lease with 7% bumps every 5 years and four 5 year renewal options. The tenant, Fritz Management, LLC, is an award-winning franchisee of Burger King, operating almost 300 Burger King restaurants across Texas. The subject property is a pad site to Rolling Oaks Regional Mall – a regional indoor shopping mall anchored by Dillard’s, Macy’s, JCPenney & Sears with over 100 retail stores.

Burger King is located in San Antonio, Texas, just off the hard corner of Nacogdoches Rd and Loop 1604 W with high traffic counts. The population in the surrounding 1 mile ring has seen a 24.62% growth since 2010! The property is located 4 miles from Northeast Lakeview College, a public community college with total enrollment of about 6,000 students, and 9 miles from Randolph Air Force Base which employs over 5,000 military personnel & 4,600 civilian employees.

Property Highlights

  • 14+ Years Remaining on Absolute NNN Lease with 7% Rent Bumps every 5 Years
  • Pad Site to Rolling Oaks Mall – A Regional Indoor Shopping Mall Anchored by Dillard’s, Macy’s, JCPenney & Sears with over 100 Retail Stores
  • 9 Miles from Randolph Air Force Base – Employs over 5,000 Military Personnel & 4,600 Civilian Employees
  • Tenant: Fritz Management, LLC – Operates Almost 300 Burger King Restaurants across Texas
  • 4 Miles from Northeast Lakeview College – Public Community College with Total Enrollment of 6,000 Students
  • Total Population (5 MI): 178,180 | Average Household Income (5 MI): $81,815 | Population Growth (1 MI): 24.62% 2010-2017