Investment Overview

The subject property is a Savvy Sliders fast-food restaurant located at the signalized intersection of San Pedro and West Elmira Street in downtown San Antonio, Texas. A recently expanded QuikTrip gas station is located directly across the street that both can be accessed by Interstate 35 freeway off/on ramp. Savvy Sliders was founded in 2018 in Commerce Township, Michigan, and is America’s fastest-growing slider brand, operating 52 locations throughout Michigan, Ohio, Texas, Tennessee, Indiana, Florida, and Louisiana. In early 2025, Savvy Sliders acquired Florida-based BurgerFi, an 85-unit restaurant chain located in 15 states. It will serve as a sister brand to Savvy Sliders, Happy Pizza (60 locations), and Fat Boy’s Pizza (9 locations), bringing the combined portfolio to 206 stores. There are over 11 years remaining on an absolute NNN, corporate-backed lease that includes 10% fixed rent increases every five years. Savvy Sliders currently operates nine locations in the state of Texas, with continued growth underway. San Antonio is the seventh-largest city in the United States and the second-most populous city in Texas, with a reported population of 1.5 million residents. It features a vibrant downtown area rich in culture and history. The Alamo, located just one mile from the subject property, attracts more than 2.5 million visitors annually. There is reported 138,600 residents within a 3-mile radius of the subject property with average household income of $66,428 within the same radius. San Antonio is also home to the University of Texas at San Antonio (UTSA). Founded in 1969, UTSA has a current total enrollment of over 34,000 students and is located approximately 15 miles from the subject property. San Antonio College, a two-year community college with an enrollment of 22,000 students, is located just 0.7 miles from the property. Methodist Hospital Metropolitan, a 1,536-bed hospital and major downtown employer, is situated only 0.8 miles from the subject property. This Savvy Sliders location remains open until 3:00 a.m. on weekends to capture late-night business from travelers on Interstate 35.