146 StSan Antonio, TX 78228

For Sale
$1,516,000

High-yield QSR, 15-year lease, strong demographics.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a newly constructed, 304 square foot Brevity Coffee shop in San Antonio, Texas. Located at 146 St Cloud, 78228, this property boasts a prime location on a major retail thoroughfare, near US Hwy 421, and benefits from high visibility due to its hard corner intersection placement. The property is situated in a thriving commercial district (C-1 zoning) with a strong tenant synergy, including nearby national retailers such as Walmart, H-E-B, McDonald's, and more. The 0.38-acre lot includes 3 parking spaces. The building, constructed in 2024, features a drive-thru, enhancing convenience and sales potential. A 15-year absolute NNN ground lease with Grind Haus Coffee Company LLC is in place, commencing June 1, 2024, and expiring May 31, 2039. The lease includes two 5-year renewal options and features annual rent increases of 1.5% during the initial term and 3% during option periods, providing a hedge against inflation and consistent NOI growth. The current NOI is $91,000, representing a 6.00% cap rate on the $1,516,000 asking price. The property's strong demographics, with a 5-mile trade area population exceeding 357,000 and an average household income of $65,858, further solidify its investment potential. This is a management-free investment opportunity with significant long-term growth prospects. The property's APN is 08340-009-0390. The current occupancy is 100%.

Highlights

  • Brand new 15-year NNN ground lease with Grind Haus Coffee Company, including two 5-year renewal options and annual rent increases.
  • Absolute NNN lease; new construction; zero landlord responsibilities.
  • Prime San Antonio location near major retailers (Walmart, H-E-B, McDonald's) with drive-thru; 0.38-acre lot, 3 parking spaces.
  • Strong demographics: 5-mile trade area population exceeding 357,000, average household income $65,858; $91,000 NOI, 6.00% cap rate.

Property Details for 146 St

Property type
Other retail properties, Restaurants
Square Feet
304 SF
Year Built
2024
Lot Size (sq. ft)
16,553 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.4554927
Longitude
-98.5504837
146 St, San Antonio, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
146 St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message