Taco Cabana

San Antonio, TX

Price $2,777,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Available
Tenant Taco Cabana
LEASE TYPE NNN
SQUARE FEET 3,417
PRICE/SQ FT $812
YEAR BUILT 1994
LEASE EXP. 06/30/2023
LISTING AGENT Jessica Zahn Gibson
602-770-7145
jess@ciadvisor.com
Paul Blackburn, Blackburn Properties
Texas Local Broker #376821

Property Description

Taco Cabana has 5 years remaining on an initial 20-year NNN lease with 1% rental increases annually and four 5-year renewal options.  The subject property is a fee simple, free standing building with above-average performance and extremely low rent to sales ratio located 3 miles from The University of Texas at San Antonio (30,974 students)! The tenant, Fiesta Restaurant Group, Inc. owns, operates & franchises Pollo Tropical (140+ locations) & Taco Cabana (170 locations) restaurant brands.

Taco Cabana is located in San Antonio, Texas on I-10 with excellent drive by visibility. This asset is a pad site to H-E-B Grocery, Marshalls, and La-Z Boy Furniture. Nearby retailers to the subject property include Walmart Supercenter, Sam’s Club, The Home Depot, Steinmart, Tuesday Morning, Party City, Petco, The Tile Shop, PetSmart, Spec’s Wines, and Ashley HomeStore.

*In Association with Texas Designated Broker: Paul Kennon Blackburn #376821

Property Highlights

  • Lease: 5 Years Remaining on Initial 20-Year NNN lease with 1% Annual Rent Escalations
  • Excellent Frontage: High drive-by visibility on I-10 where traffic counts exceed 246,270 CPD!
  • Rare Carrols Corporation Guarantee with the Parent Company
  • Tenant: Fiesta Restaurant Group, Inc. Owns, Operates & Franchises Pollo Tropical (140+ locations) & Taco Cabana (170 locations) Restaurant Brands
  • Demographics (5 MI): Total Population: 296,172 | Average HH Income: $80, 875 | Population Growth 2010-2018(1 MI): 29.85%