P. Terry's Burger Stand | 22607 US Highway 281 N
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P. Terry's Burger Stand 22607 US Highway 281 N
5,800 SF Retail Building San Antonio, TX 78258 For Sale
Investment Highlights
- Regional Corporate Guarantee. Equipped with drive-thru and accessibility off Hwy 281 off-ramp Stone Oak Parkway.
- Excellent Freeway visibility Hwy 281. Traffic count 138,000+ VPD on Hwy 281 and 40,000+ on Stone Oak Parkway
- 18yrs remaining initial term plus 4 five year options. 10% escalations every 5 yrs.
- Ideal Retail Demographics | Stone Oaks is an affluent trade area of over 18,598 households with an average household income levels of $151,165.00
- Net lease with minimal landlord responsibilities.
Executive Summary
Great opportunity for an investor seeking fee simple ownership in a single-tenant asset with a strong regional operator and high value real estate. Inspired by the classic burger stands of the '50s and '60', P. Terry's Burger Stand opened its first location in 2005 in Austin, TX and has expanded to more than 35 locations in Central Texas including Austin, San Antonio and Houston. It focuses on providing high quality, all natural food that is affordable in a warm and inviting environment. Shop is positioned along US Highway 281 at the intersection Stone Oak Parkway in a densely populated, high income trade area in north San Antonio. 20 yr NNN lease with minimal landlord responsibilities plus 4 five year options. 10% rent escalations every 5 years.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,800 SF
Building Class
B
Year Built
2022
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
0.97 AC
Zoning
C-3
Parking
18 Spaces (7.86 Spaces per 1,000 SF Leased)
Frontage
234 ft on U.S. Highway 281 North
Amenities
- Drive Thru
- Monument Signage
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 19218-002-0090 | Improvements Assessment | £1,152,079 |
| Land Assessment | £725,801 | Total Assessment | £1,877,880 |
PROPERTY TAXES
Parcel Number
19218-002-0090
Land Assessment
£725,801
Improvements Assessment
£1,152,079
Total Assessment
£1,877,880
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P. Terry's Burger Stand | 22607 US Highway 281 N
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