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Restaurant

Bombshells Restaurant & Bar

8410 TX-151, San Antonio, TX 78245

Listing Price: $3,167,000

Cap Rate
6.00%
Tenant Name
BB San Antonio 1, LLC
Years Remaining On Lease
10.6
Gross SF
11,637
Guarantor
Personal Guarantee
Rentable SF
11,637
Price/Gross SF
$272.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.33

Investment Overview

LEASE & TENANT HIGHLIGHTS
- BRAND NEW 10-YEAR ABSOLUTE NNN LEASE
- ABOVE MARKET RENTAL INCREASES - 15% +/- INCREASE IN LY3 (6.95% CAP), 9% +/- INCREASE IN LY6 (7.58% CAP), & 8% +/- INCREASE IN LY9 (8.21% CAP)
- TENANT IS INVESTING OVER $2.5M INTO REMODELING THE PROPERTY (FORMER FURR'S FRESH BUFFET)
- STRONG PERSONAL GUARANTEE OF APPROXIMATELY $15M - FRANCHISEE ALSO OPERATES SEVERAL PAPA JOHN'S AND MERCHANT SERVICES (NEWS/GIFT STANDS)
- BOMBSHELLS RESTAURANT & BAR (FRANCHISOR) CURRENTLY HAVE 10 LOCATIONS THROUGHOUT AUSTIN, DALLAS, & HOUSTON (ESTABLISHED 2013)
- STRONG AUV ON EXISTING LOCATIONS - ASSUMING AN AVERAGE STORE AT THIS LOCATION, THE RENT/SALES WOULD BE APPROXIMTELY 4.0%
LOCATION HIGHLIGHTS
- HIGH TRAFFIC LOCATION OFF HIGHWAY 151 & INTERSTATE 410 - ADT OF OVER 120,000 CARS/DAY ON HIGHWAY 151
- INCREDIBLY DENSE RETAIL CORRIDOR: WALMART, LOWE'S, HOME DEPOT, TARGET, LA FITNESS, AND MANY NATIONAL RESTAURANTS
- IMMEDIATELY ADJACENT TO MAIN EVENT ENTERTAINMENT, HAMPTON INN, AND CHUY'S
- DENSELY POPULATED MARKET - NEARLY 1,500 APARTMENT UNITS NEARBY AND OVER 12,000 RESIDENTS IN 1 MILE - NEARLY 300,000 RESIDENTS WITHIN 5 MILES
- FUTURE DEVELOPMENT NEARBY - APPROXIMATELY 40 ACRES FOR SALE NEAR SUBJECT PROPERTY - ZONED COMMERCIAL, RESIDENTIAL & MASTER PLANNED COMMUNITY
- STRONG CASUAL RESTAURANT CORRIDOR - PER PLACER.AI THE PAST 6 MONTHS TWIN PEAKS HAD OVER 139,000 VISITORS (55TH PERCENTILE US - 78TH IN TX), HOOTERS HAD 83,000 (75TH PERCENTILE IN US & TX) AND CHILI'S HAD 134,000 (88TH PERCENTILE IN US & TX)
- SAN ANTONIO CURRENTLY HAS OVER 1.4 MILLION RESIDENTS AND IS EXPECTED TO ADD MORE THAN 136,000 MORE THROUGH 2025
- MORE THAN 120,000 JOBS ARE EXPECTED TO BE CREATED THROUGH 2025 - SOME RELATED TO THE EAGLE FORD SHALE DEPOSIT, ONE OF THE LARGEST OIL & GAS DEVELOPMENTS IN THE WORLD

Investment Highlights

  • Brand New 10-Year Absolute NNN Lease
  • Above Market Rental Increases - 15% +/- Increase in LY3
  • Tenant is Investing Over $2.5M into Remodeling the Property

Exclusively Listed By

Restaurant

Bombshells Restaurant & Bar

Listing Price: $3,167,000

Cap Rate
6.00%
Tenant Name
BB San Antonio 1, LLC
Years Remaining On Lease
10.6
Gross SF
11,637
Guarantor
Personal Guarantee
Rentable SF
11,637
Price/Gross SF
$272.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.33

Investment Highlights

  • Brand New 10-Year Absolute NNN Lease
  • Above Market Rental Increases - 15% +/- Increase in LY3
  • Tenant is Investing Over $2.5M into Remodeling the Property

Investment Overview

LEASE & TENANT HIGHLIGHTS
- BRAND NEW 10-YEAR ABSOLUTE NNN LEASE
- ABOVE MARKET RENTAL INCREASES - 15% +/- INCREASE IN LY3 (6.95% CAP), 9% +/- INCREASE IN LY6 (7.58% CAP), & 8% +/- INCREASE IN LY9 (8.21% CAP)
- TENANT IS INVESTING OVER $2.5M INTO REMODELING THE PROPERTY (FORMER FURR'S FRESH BUFFET)
- STRONG PERSONAL GUARANTEE OF APPROXIMATELY $15M - FRANCHISEE ALSO OPERATES SEVERAL PAPA JOHN'S AND MERCHANT SERVICES (NEWS/GIFT STANDS)
- BOMBSHELLS RESTAURANT & BAR (FRANCHISOR) CURRENTLY HAVE 10 LOCATIONS THROUGHOUT AUSTIN, DALLAS, & HOUSTON (ESTABLISHED 2013)
- STRONG AUV ON EXISTING LOCATIONS - ASSUMING AN AVERAGE STORE AT THIS LOCATION, THE RENT/SALES WOULD BE APPROXIMTELY 4.0%
LOCATION HIGHLIGHTS
- HIGH TRAFFIC LOCATION OFF HIGHWAY 151 & INTERSTATE 410 - ADT OF OVER 120,000 CARS/DAY ON HIGHWAY 151
- INCREDIBLY DENSE RETAIL CORRIDOR: WALMART, LOWE'S, HOME DEPOT, TARGET, LA FITNESS, AND MANY NATIONAL RESTAURANTS
- IMMEDIATELY ADJACENT TO MAIN EVENT ENTERTAINMENT, HAMPTON INN, AND CHUY'S
- DENSELY POPULATED MARKET - NEARLY 1,500 APARTMENT UNITS NEARBY AND OVER 12,000 RESIDENTS IN 1 MILE - NEARLY 300,000 RESIDENTS WITHIN 5 MILES
- FUTURE DEVELOPMENT NEARBY - APPROXIMATELY 40 ACRES FOR SALE NEAR SUBJECT PROPERTY - ZONED COMMERCIAL, RESIDENTIAL & MASTER PLANNED COMMUNITY
- STRONG CASUAL RESTAURANT CORRIDOR - PER PLACER.AI THE PAST 6 MONTHS TWIN PEAKS HAD OVER 139,000 VISITORS (55TH PERCENTILE US - 78TH IN TX), HOOTERS HAD 83,000 (75TH PERCENTILE IN US & TX) AND CHILI'S HAD 134,000 (88TH PERCENTILE IN US & TX)
- SAN ANTONIO CURRENTLY HAS OVER 1.4 MILLION RESIDENTS AND IS EXPECTED TO ADD MORE THAN 136,000 MORE THROUGH 2025
- MORE THAN 120,000 JOBS ARE EXPECTED TO BE CREATED THROUGH 2025 - SOME RELATED TO THE EAGLE FORD SHALE DEPOSIT, ONE OF THE LARGEST OIL & GAS DEVELOPMENTS IN THE WORLD

Exclusively Listed By

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