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Chili's 8502 Broadway St

50,905 SF Retail Building San Antonio, TX 78217 $2,947,000 ($58/SF) 5.75% Cap Rate

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
50,905 SF
Building Class
C
Year Built/Renovated
1965/2006
Price
$2,947,000
Price Per SF
$58
Cap Rate
5.75%
NOI
$169,400
Tenancy
Single
Building Height
1 Story
Building FAR
1.17
Land Acres
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 Line
  • Freeway Visibility
  • Pylon Sign
  • Signalized 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
  • 12571-001-0390
  • 12100-000-1110
Land Assessment
$1,645,250
Improvements Assessment
$630,750
Total Assessment
$2,276,000
  • Listing ID: 33114681

  • Date on Market: 9/9/2024

  • Last Updated:

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

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