Free Standing Restaurant Building (San Antonio, TX)
San Antonio, TX
• 15.5 +/-years remaining on a NNN Lease with Fresh Acquisitions, LLC
• Fresh Acquisitions, LLC is wholly owned by FMP -operators of 273 restaurants among 10 different brands
• Furr’s, founded in 1946, currently operates 25 stores throughout 5 states
• 1.2% annual escalations along with 5% percentage rent on sales over $3.7M -Avg. Cap of 8.5%
• Dominant retail corridor off State Hwy. 151 -Target, Home Depot, Lowe’s & Gander Mtn.
• Out-parcel to mixed-use development with 500+ apartments and Main Event Entertainment
• San Antonio is projected to grow 1.6% annually over the next 5 years -over 4% in 1-mile radius
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Contact
Kirk Hermansen
5944 Luther Lane, Suite 725
Dallas, Texas 75225
SUMMARY
LOCATION: San Antonio, TX | Hwy. 151 and Cable Ranch Rd.
SIZE: Rentable sf 11,637 +/- | Lot Size 2.39 +/- Acres
DEMOGRAPHICS:
1 mile:
2014 Population 10,313 | Daytime Population 4,376 | Average HH Income $47,241
3 mile:
2014 Population 112,117 | Daytime Population 22,771 | Average HH Income $58,317
5 mile:
2014 Population 275,133 | Daytime Population 64,951 | Average HH Income $58,533
San Antonio is projected to grow 1.6% annually over the next 5 years – over 4% in 1-mile radius
TRAFFIC: 74,507 VPD | Over 27 Million VPY