Skip to main content

Restaurant

Corp Dutch Bros Coffee w/ D-Thru | San Antonio | 15Yr NNN Ground Lease | Brand New 2022 Construction

1255 Austin Hwy, San Antonio, TX 78209

Listing Price: $1,975,000

Cap Rate
4.00%
Tenant Name
Dutch Bros
Years Remaining On Lease
15.3
Gross SF
950
Guarantor
Corporate Guarantee
Rentable SF
950
Price/Gross SF
$2,078.95
Lease Type
NNN Ground Lease
Rent Per Square Feet
$83.16

Investment Overview

San Antonio is the seventh-most populated city in the United States and is the second most populous city in the state of Texas. It is considered one of the fastest growing of the top ten largest cities in the United States from 2000 to 2010. It is home to numerous Fortune 500 companies including Valero Energy Corp, Tesoro Corp, USAA, iHeartMedia, CST Brands, INC. and more. San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $121 billion in 2018. San Antonio’s economy focuses primarily on military, health care, government–civil service, financial services, oil and gas, and tourism. Since the beginning of the 21st century, the city has become a significant location for American-based call centers and has added a sizable manufacturing sector centered around automobiles. The city also has a growing technology sector. Located about 10 miles northwest of Downtown is the South Texas Medical Center, a conglomerate of various hospitals, clinics, and research (see Southwest Research Institute and Texas Biomedical Research Institute) and higher educational institutions. Over twenty million tourists visit the city and its attractions every year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world. Tourism provided over 130,000 jobs, and it had an economic impact of $13.6 billion in the local economy according to information gathered in 2017. The city of San Antonio received $195 million in the same year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others.

Investment Highlights

  • 15 Year Corporate Backed NNN Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2022 Construction with Drive-Thru.
  • Featuring Easy Access & Excellent Visibility w/ Daily Traffic Counts Exceeding 32k+ Vehicles. Austin Hwy had several Major Developments & Re-developments having been completed over the past few Years.
  • Near Fort Sam Houston Joint Base San Antonio - a U.S. Military Facility. More than 45k Military and Civilian Personnel work at the Post, with an Annual Payroll and Operating Budget of $1.9B.
  • Immediate Area Experiencing Major Growth: Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, and Numerous Amenities Including Parks, Schools, and More.
  • Minutes from San Antonio International Airport - Averages 260 Daily Departures and Arrivals with more than 4 Million Annual Passengers & 160k+ Annual Total Aircraft Operations.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $108k within a 1-Mile Radius and over 281k People Residing within a 5-Mile Radius.
  • Anchored by Target and Across from Walmart Supercenter - Attractive Presence of National, Local and Regional Retailers in the Surrounding Area serve as Significant Traffic Generators to the Site.
  • Austin Highway is the Primary Shopping district serving Alamo Heights, Terrell Heights & Fort Sam Houston. It is also a Major Arterial for the City, providing access to Brackenridge Park, the San Antonio Zoo and the University of the Incarnate Word. Walking Distance from Alamo Heights High School, which has an Enrollment of over 1,550 Students, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students and Teachers.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s) TX: 0606255

    Texas

Restaurant

Corp Dutch Bros Coffee w/ D-Thru | San Antonio | 15Yr NNN Ground Lease | Brand New 2022 Construction

Listing Price: $1,975,000

Cap Rate
4.00%
Tenant Name
Dutch Bros
Years Remaining On Lease
15.3
Gross SF
950
Guarantor
Corporate Guarantee
Rentable SF
950
Price/Gross SF
$2,078.95
Lease Type
NNN Ground Lease
Rent Per Square Feet
$83.16

Investment Highlights

  • 15 Year Corporate Backed NNN Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2022 Construction with Drive-Thru.
  • Featuring Easy Access & Excellent Visibility w/ Daily Traffic Counts Exceeding 32k+ Vehicles. Austin Hwy had several Major Developments & Re-developments having been completed over the past few Years.
  • Near Fort Sam Houston Joint Base San Antonio - a U.S. Military Facility. More than 45k Military and Civilian Personnel work at the Post, with an Annual Payroll and Operating Budget of $1.9B.
  • Immediate Area Experiencing Major Growth: Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, and Numerous Amenities Including Parks, Schools, and More.
  • Minutes from San Antonio International Airport - Averages 260 Daily Departures and Arrivals with more than 4 Million Annual Passengers & 160k+ Annual Total Aircraft Operations.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $108k within a 1-Mile Radius and over 281k People Residing within a 5-Mile Radius.
  • Anchored by Target and Across from Walmart Supercenter - Attractive Presence of National, Local and Regional Retailers in the Surrounding Area serve as Significant Traffic Generators to the Site.
  • Austin Highway is the Primary Shopping district serving Alamo Heights, Terrell Heights & Fort Sam Houston. It is also a Major Arterial for the City, providing access to Brackenridge Park, the San Antonio Zoo and the University of the Incarnate Word. Walking Distance from Alamo Heights High School, which has an Enrollment of over 1,550 Students, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students and Teachers.

Investment Overview

San Antonio is the seventh-most populated city in the United States and is the second most populous city in the state of Texas. It is considered one of the fastest growing of the top ten largest cities in the United States from 2000 to 2010. It is home to numerous Fortune 500 companies including Valero Energy Corp, Tesoro Corp, USAA, iHeartMedia, CST Brands, INC. and more. San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $121 billion in 2018. San Antonio’s economy focuses primarily on military, health care, government–civil service, financial services, oil and gas, and tourism. Since the beginning of the 21st century, the city has become a significant location for American-based call centers and has added a sizable manufacturing sector centered around automobiles. The city also has a growing technology sector. Located about 10 miles northwest of Downtown is the South Texas Medical Center, a conglomerate of various hospitals, clinics, and research (see Southwest Research Institute and Texas Biomedical Research Institute) and higher educational institutions. Over twenty million tourists visit the city and its attractions every year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world. Tourism provided over 130,000 jobs, and it had an economic impact of $13.6 billion in the local economy according to information gathered in 2017. The city of San Antonio received $195 million in the same year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s): TX: 0606255

    Texas

MM Texture Background
MM Textured Background Lower