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Chili's 8502 Broadway St

5,876 SF Retail Building San Antonio, TX 78217 £2,305,880 (£392/SF) 5.75% Net Initial Yield

Investment Highlights

  • Absolute NNN ground lease with full Brinker International, Inc. guaranty
  • Lease is in the 3rd year of the 2nd option period, 10% rental increase to $186,340 in 2026
  • Located on the hard signalized corner of Broadway Street and I-410 Loop
  • Proven location with strong historical success

Executive Summary

Affluent population of $111,374 within a three-mile radius (expected to increase by 12%+ by 2029). Premier site located just off the offramp of I-410 with 204,104 vehicles per day. Dense, hyper-infill location with 268,008 residents within a five-mile radius.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,876 SF
Building Class
C
Year Built/Renovated
1965/2006
Price
£2,305,880
Price Per SF
£392
Net Initial Yield
5.75%
NOI
£132,547
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
1.00 AC
Zoning
C-2 - Commercial
Parking
54 Spaces (9.19 Spaces per 1,000 SF Leased)
Frontage
74 ft on Broadway St

Amenities

  • Bus Route
  • Freeway Visibility
  • Pylon Sign
  • Signalised Intersection
  • Drive Thru

Nearby Major Retailers

Chili's Grill & Bar
Alonti Catering Kitchen
WW
CrossFit
Frost Bank
Dutch Bros
Steak ‘n Shake
Starbucks
Little Gym
Planet Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 12100-000-1110
  • 12571-001-0390
Land Assessment
£1,287,326
Improvements Assessment
£493,530
Total Assessment
£1,780,856
  • Listing ID: 33114681

  • Date on Market: 09/09/2024

  • Last Updated:

  • Address: 8502 Broadway St, San Antonio, TX 78217

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