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