8502 Broadway StSan Antonio, TX 78217

For Sale
$2,947,000

High-traffic, 5,876 SF QSR, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 5,876 square foot Chili's restaurant located on a prominent 1-acre lot at 8502 Broadway in San Antonio, Texas, 78217. The property boasts a highly desirable absolute NNN ground lease with a major corporate guarantor, Brinker International, Inc., ensuring consistent income. The lease commenced July 27, 2006, and has a remaining term expiring July 26, 2026, currently in its third year of the second option period. The property features a 5.75% cap rate and a current Net Operating Income (NOI) of $169,400, projected to increase to $186,340 in 2026 due to built-in rent bumps. Built in 2006, this single-tenant property benefits from its strategic location on the hard-signalized corner of Broadway Street and I-410 Loop, a high-traffic area with 204,104 vehicles passing daily. The surrounding area is densely populated, with 268,008 residents within a five-mile radius and an affluent population of $111,374 average household income within three miles, projected to grow by over 12% by 2029. Its proximity to San Antonio International Airport (0.4 miles) further enhances its visibility and accessibility. This property is ideal for 1031 exchange investors seeking a secure, high-performing asset in a prime San Antonio location. The property is surrounded by numerous national retailers, schools, and residential areas, contributing to its consistent high traffic volume.

Highlights

  • High-income demographic: $111,374 average household income within 3 miles, projected 12%+ growth by 2029.
  • Excellent highway visibility: Premier I-410 off-ramp location with 204,104 VPD.
  • Dense, urban infill site: 268,008 residents within a 5-mile radius.

Property Details for 8502 Broadway St

Property type
Other retail properties, Restaurants
Square Feet
5,876 SF
Year Built
2006
Lot Size (sq. ft)
43,560 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.517459602096
Longitude
-98.463547099281
8502 Broadway St, San Antonio, Texas

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8502 Broadway St
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