1218 Bitters RdSan Antonio, TX 78216

For Sale
$2,058,000

San Antonio QSR investment opportunity. High traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 2,975 square foot Bush's Chicken restaurant located at 1218 W Bitters Rd, San Antonio, TX 78216. The property sits on a 0.98-acre lot and benefits from a prominent location near the intersection of Blanco Rd and W Bitters Rd, boasting approximately 38,900 vehicles per day. Its convenient access to Hwy 281 (2.3 miles) and Interstate 10 (approximately 5 miles) enhances its appeal. The property is situated in a high-density area with over 234,000 people within a five-mile radius, capitalizing on San Antonio's robust population of approximately 1.5 million residents and a MSA of approximately 2.4 million. This absolute NNN lease boasts a remaining term of 12.8 years, commencing September 25, 2017, and expiring August 31, 2037. The lease includes four five-year renewal options, each with a 10% rent increase. Built in 2017, the property offers a strong 6.00% cap rate and a substantial NOI of $123,467. The asking price is $2,058,000, translating to a price per square foot of $691.76. Ten percent rent bumps occur every five years, providing consistent income growth. This is a rare opportunity to acquire a well-located, established QSR property in a thriving Texas market.

Highlights

  • Sales Price: $2,250,000
  • Cap Rate: 5.49%
  • Building Size: 2,975 square feet (per Bexar County CAD)
  • Land Size: 0.98 acres
  • Location: San Antonio, TX (approx. 1.5 million population)
  • Lease Term: 14.5 years remaining

Property Details for 1218 Bitters Rd

Property type
Other retail properties, Restaurants
Square Feet
2,975 SF
Year Built
2017
Lot Size (sq. ft)
42,689 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.5782512
Longitude
-98.5120763
1218 Bitters Rd, San Antonio, Texas

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1218 Bitters Rd
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