Skip to main content

Restaurant

Church's Chicken San Antonio

234 Valley Hi Dr, San Antonio, TX 78227

Listing Price: $760,571

Cap Rate
5.25%
Tenant Name
Church's Chicken
Years Remaining On Lease
5.1
Gross SF
1,920
Guarantor
Franchisee Guarantee
Rentable SF
1,920
Price/Gross SF
$396.13
Lease Type
NNN Ground Lease
Rent Per Square Feet
$20.80

Investment Overview

Marcus & Millichap is pleased to present a San Antonio absolute NNN Ground Lease Church’s Chicken drive-thru opportunity on the high traffic corridor of Valley Hi Drive in the City of San Antonio, Texas. 234 Valley Hi Drive presents investors with a five-year absolute NNN Ground Lease guaranteed by an experienced 74-Unit franchisee Ampler Chicken, LLC. The “essential use” operator has 55 percent below market rents for Church’s Chicken in Texas and has over five years remaining with their recently exercised option with favorable 10 percent increases every five years through the term and options. The site benefits from its location off Highway 410 that sees over 59,900 cars per day and Valley Hi Drive and Cedarhurst Intersection that sees over 22,000 cars per day on the substantial retail corridor and as an outparcel to a H-E-B grocery anchored center. The site is located next to Lackland Airforce Base that houses 24,000 Active Duty Members, 10,000 DOD Civilians, and 11,000 Contractors and their Families. The location benefits from a captive population of over 197,081 people and average household income of over $54,767 in a five-mile radius. Situated on a outparcel to a shopping center anchored by essential uses such as H-E-B, Dollar Tree, and Gold’s Gym. Other surrounding tenants include McDonald’s, Burger King, Taco Bell, O’Reilly Auto Parts, and AutoZone.

Investment Highlights

  • Over Five Years Remaining on Absolute NNN Ground Lease with Zero Landlord Responsibilities
  • 55 Percent Below Market Rents for Church's Chicken in Texas
  • Attractive 10 Percent Increases Every Five Years – Healthy Hedge Against Inflation
  • Strong 74 Unit Texas and New Mexico Operator with Ampler Chicken LLC
  • Essential Use – Pandemic and Recession Resistant
  • High Barrier to Entry Market in a Prominent Retail Corridor – Large National Credit/Tenant Presence
  • Excellent Visibility on Valley Hi Drive with Ideal Access, Drive-Thru use in a Highly Travelled to H-E-B Grocery Anchored Shopping Center in San Antonio, Texas
  • Nearby Lackland Airforce Base that Houses 24,000 Active Duty Members, 10,000 DOD Civilians, and 11,000 Contractors and their Families

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

Church's Chicken San Antonio

Listing Price: $760,571

Cap Rate
5.25%
Tenant Name
Church's Chicken
Years Remaining On Lease
5.1
Gross SF
1,920
Guarantor
Franchisee Guarantee
Rentable SF
1,920
Price/Gross SF
$396.13
Lease Type
NNN Ground Lease
Rent Per Square Feet
$20.80

Investment Highlights

  • Over Five Years Remaining on Absolute NNN Ground Lease with Zero Landlord Responsibilities
  • 55 Percent Below Market Rents for Church's Chicken in Texas
  • Attractive 10 Percent Increases Every Five Years – Healthy Hedge Against Inflation
  • Strong 74 Unit Texas and New Mexico Operator with Ampler Chicken LLC
  • Essential Use – Pandemic and Recession Resistant
  • High Barrier to Entry Market in a Prominent Retail Corridor – Large National Credit/Tenant Presence
  • Excellent Visibility on Valley Hi Drive with Ideal Access, Drive-Thru use in a Highly Travelled to H-E-B Grocery Anchored Shopping Center in San Antonio, Texas
  • Nearby Lackland Airforce Base that Houses 24,000 Active Duty Members, 10,000 DOD Civilians, and 11,000 Contractors and their Families

Investment Overview

Marcus & Millichap is pleased to present a San Antonio absolute NNN Ground Lease Church’s Chicken drive-thru opportunity on the high traffic corridor of Valley Hi Drive in the City of San Antonio, Texas. 234 Valley Hi Drive presents investors with a five-year absolute NNN Ground Lease guaranteed by an experienced 74-Unit franchisee Ampler Chicken, LLC. The “essential use” operator has 55 percent below market rents for Church’s Chicken in Texas and has over five years remaining with their recently exercised option with favorable 10 percent increases every five years through the term and options. The site benefits from its location off Highway 410 that sees over 59,900 cars per day and Valley Hi Drive and Cedarhurst Intersection that sees over 22,000 cars per day on the substantial retail corridor and as an outparcel to a H-E-B grocery anchored center. The site is located next to Lackland Airforce Base that houses 24,000 Active Duty Members, 10,000 DOD Civilians, and 11,000 Contractors and their Families. The location benefits from a captive population of over 197,081 people and average household income of over $54,767 in a five-mile radius. Situated on a outparcel to a shopping center anchored by essential uses such as H-E-B, Dollar Tree, and Gold’s Gym. Other surrounding tenants include McDonald’s, Burger King, Taco Bell, O’Reilly Auto Parts, and AutoZone.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

MM Texture Background
MM Textured Background Lower