Investment Overview

Nestled in the San Antonio Metropolitan Area, Texas's second-largest city with a population surpassing 2.7 million, this property is ideally located along Pat Booker Road, a key thoroughfare in Universal City. It offers excellent visibility and convenient access to major highways, including Interstate 35 and Loop 1604. Its proximity to Randolph Air Force Base, a significant economic driver and employer, adds to its attractiveness. The surrounding area features a variety of retailers, such as Walmart Supercenter, Dollar Tree, Buffalo Wild Wings, Chick-fil-A, Whataburger, Starbucks, Taco Bell, Subway, and Sonic Drive-In, fostering a dynamic commercial environment. The demographic profile within a 5-mile radius is robust, with over 220,000 residents and an average household income of nearly $100,000. The property includes a new 20-year sale leaseback arrangement, allowing investors to benefit from long-term rental income through an absolute triple net (NNN) lease, which requires no landlord responsibilities. With rental increases of 10% every five years and three additional five-year options, the investment is particularly attractive. The tenant is funding a brand-new construction valued at $600K at closing. Golden Corral, the national tenant, stands as the largest family-style buffet chain in the United States, boasting over 362 locations and a commendable long-term operating history. Having operated at this site for over 20 years and with a commitment of more than 35 years, it demonstrates strong stability. This high-performing location also features an impressive 8% rent-to-sales ratio, and in 2023, Golden Corral was ranked #63 on Franchise Time’s Top 500 List, while earning the Silver Plate Award from the International Foodservice Manufacturers Association in 2022.