Skip to main content

Restaurant

Saltgrass Steak House

11812 Bandera Rd, Helotes, TX 78023

Listing Price: $3,823,000

Cap Rate
5.75%
Tenant Name
Saltgrass, Inc.
Years Remaining On Lease
5.7
Gross SF
6,778
Guarantor
Corporate Guarantee
Rentable SF
6,778
Price/Gross SF
$564.03
Lease Type
Absolute Net
Rent Per Square Feet
$32.43

Investment Overview

The subject property is an Absolute Net Leased leased restaurant Investment on 1.2 acres in
Helotes (San Antonio MSA). Saltgrass Steak House has been operating at this location
since 2011 and the lease has percentage rent. The percentage rent is 3 percent of sales
above $4 Million and the trend has been showing year over year growth.
Helotes is a city in Bexar County, Texas, United States, located on the far northwest side of
San Antonio. It is part of the San Antonio-New Braunfels Metropolitan Statistical Area

Investment Highlights

  • Rare Percentage Rent Absolute Net Lease - Strong Store Sales Reported 2023/2024 Trending Up
  • Located in Dense Retail Trade Area Within the San Antonio MSA
  • Saltgrass Steak House is a Subsidiary of Multinational Hospitality and Entertainment Company Landry's Inc. based out of Houston, Texas

Exclusively Listed By

Financing By

Restaurant

Saltgrass Steak House

Listing Price: $3,823,000

Cap Rate
5.75%
Tenant Name
Saltgrass, Inc.
Years Remaining On Lease
5.7
Gross SF
6,778
Guarantor
Corporate Guarantee
Rentable SF
6,778
Price/Gross SF
$564.03
Lease Type
Absolute Net
Rent Per Square Feet
$32.43

Investment Highlights

  • Rare Percentage Rent Absolute Net Lease - Strong Store Sales Reported 2023/2024 Trending Up
  • Located in Dense Retail Trade Area Within the San Antonio MSA
  • Saltgrass Steak House is a Subsidiary of Multinational Hospitality and Entertainment Company Landry's Inc. based out of Houston, Texas

Investment Overview

The subject property is an Absolute Net Leased leased restaurant Investment on 1.2 acres in Helotes (San Antonio MSA). Saltgrass Steak House has been operating at this location since 2011 and the lease has percentage rent. The percentage rent is 3 percent of sales above $4 Million and the trend has been showing year over year growth. Helotes is a city in Bexar County, Texas, United States, located on the far northwest side of San Antonio. It is part of the San Antonio-New Braunfels Metropolitan Statistical Area

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower