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.