Chili's | 8502 Broadway St
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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
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $630,750 | |
Land Assessment | $1,645,250 | Total Assessment | $2,276,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,645,250
Improvements Assessment
$630,750
Total Assessment
$2,276,000
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Chili's | 8502 Broadway St
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