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Restaurant

Black Rock Coffee Ground Lease

14635 Huebner Rd, San Antonio, TX 78230

Listing Price: $2,371,000

Cap Rate
4.85%
Tenant Name
Black Rock Coffee
Years Remaining On Lease
15.2
Gross SF
1,550
Guarantor
Corporate Guarantee
Rentable SF
1,550
Price/Gross SF
$1,529.68
Lease Type
NNN Ground Lease
Rent Per Square Feet
$74.19

Investment Overview

Based in Portland, Oregon, Black Rock Coffee Bar is a contemporary coffee chain with locations throughout the West Coast. Through their employee franchise program, employees have the opportunity to open their own locations, ensuring that Black Rock’s culture is maintained and consistent at each new location. Currently, there are over 100 locations throughout Oregon, Arizona, California, Nevada, Washington, Idaho, Texas, and Colorado with more locations coming soon in each state. San Antonio, from Spanish, “Saint Anthony,” is the seventh-most populous city in the United States, and the second-most populous in the both Texas and the Southern United States with more than one and a half million residents. Founded as a Spanish mission and colonial outpost in 1718, the city became the first chartered civil settlement in present-day Texas in 1731. The city is the state’s oldest municipality, having celebrated its 300th anniversary on May 1, 2018.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease - Corporate Guaranty with National Tenant (Over 100 Locations)
  • 10 Percent Rental Increases Every Five Years
  • New 2022 Retrofit with a Drive-Thru
  • 235,031 Residents Within a Five-Mile Radius - Dense San Antonio Trade Area
  • Situated at the High-Traffic Intersection of Huebner Road and NW Military Highway (Nearly 37,000 Cars per Day)
  • Several National Retailers at the Corner - Planet Fitness, Dollar Tree, Walgreens, McDonald's, Dunkin' Donuts, and More
  • Average Household Income Exceeds $138,000 in the Immediate Area
  • Within a 15-Minute Drive of San Antonio International Airport, Six Flags Fiesta Texas, and The University of Texas at San Antonio (Over 34,000 Students)

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

Black Rock Coffee Ground Lease

Listing Price: $2,371,000

Cap Rate
4.85%
Tenant Name
Black Rock Coffee
Years Remaining On Lease
15.2
Gross SF
1,550
Guarantor
Corporate Guarantee
Rentable SF
1,550
Price/Gross SF
$1,529.68
Lease Type
NNN Ground Lease
Rent Per Square Feet
$74.19

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease - Corporate Guaranty with National Tenant (Over 100 Locations)
  • 10 Percent Rental Increases Every Five Years
  • New 2022 Retrofit with a Drive-Thru
  • 235,031 Residents Within a Five-Mile Radius - Dense San Antonio Trade Area
  • Situated at the High-Traffic Intersection of Huebner Road and NW Military Highway (Nearly 37,000 Cars per Day)
  • Several National Retailers at the Corner - Planet Fitness, Dollar Tree, Walgreens, McDonald's, Dunkin' Donuts, and More
  • Average Household Income Exceeds $138,000 in the Immediate Area
  • Within a 15-Minute Drive of San Antonio International Airport, Six Flags Fiesta Texas, and The University of Texas at San Antonio (Over 34,000 Students)

Investment Overview

Based in Portland, Oregon, Black Rock Coffee Bar is a contemporary coffee chain with locations throughout the West Coast. Through their employee franchise program, employees have the opportunity to open their own locations, ensuring that Black Rock’s culture is maintained and consistent at each new location. Currently, there are over 100 locations throughout Oregon, Arizona, California, Nevada, Washington, Idaho, Texas, and Colorado with more locations coming soon in each state. San Antonio, from Spanish, “Saint Anthony,” is the seventh-most populous city in the United States, and the second-most populous in the both Texas and the Southern United States with more than one and a half million residents. Founded as a Spanish mission and colonial outpost in 1718, the city became the first chartered civil settlement in present-day Texas in 1731. The city is the state’s oldest municipality, having celebrated its 300th anniversary on May 1, 2018.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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