Restaurant

Taco Cabana

Listing Price: $2,055,000

Cap Rate
6.75%
Tenant Name
Taco Cabana
Years Remaining On Lease
8.00
Gross SF
3,551
Guarantor
Corporate Guarantee
Rentable SF
3,551
Price/Gross SF
$578.71
Lease Type
Absolute Net
Rent Per Square Feet
$39.06

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Taco Cabana in San Antonio, Texas. The property consists of a 3,551-square foot, freestanding building that sits on approximately 1.21 acres of land. There are approximately 8.2 years remaining on the current lease term, with a 5 percent rental escalation scheduled in 2023. Taco Cabana has operated at this location for more than 17 years. The property is located near the major intersection of Texas 1604 Loop and Bandera Road, where combined traffic counts exceed 165,766 vehicles per day. The area is extremely dense with more than 316,891 residents within a ten-mile radius. The subject property is an outparcel to Silverado Station, a 40,628-shopping center, and is surrounded by multiple big box retailers. Additional retailers in the immediate area include H-E-B plus!, Target, The Home Depot, Lowe’s, Kohl’s, Office Depot, Gold’s Gym, Ross Dress For Less, Chick-fil-A, Whataburger, IHOP, Chipotle, Arby’s, Applebee’s, 7-Eleven and many more. Started in San Antonio, Texas, as a taco stand in 1978, Taco Cabana pioneered the concept of “patio cafes,” which are semi-enclosed patio dining areas decorated in festive Mexican themes. Fiesta Restaurant Group Inc. owns, operates and franchises the Taco Cabana brand.

Investment Highlights

  • Absolute Net Lease with Approximately 8.2 Years Remaining
  • Near the Intersection of Texas 1604 Loop and Bandera Road; Combined Traffic Counts Exceed 165,766 VPD
  • Steady and Proven Operating History at This Location
  • Rental Escalation Scheduled in 2023
  • More Than 316,891 Residents Within a Ten-Mile Radius
  • Highway Location Surrounded by Multiple Big Box Retailers
  • Large 1.21 Acre Parcel with Ample Parking and Multiple Access Points

Exclusively Listed By

Listing Price: $2,055,000

Cap Rate
6.75%
Tenant Name
Taco Cabana
Years Remaining On Lease
8.00
Gross SF
3,551
Guarantor
Corporate Guarantee
Rentable SF
3,551
Price/Gross SF
$578.71
Lease Type
Absolute Net
Rent Per Square Feet
$39.06

Investment Highlights

  • Absolute Net Lease with Approximately 8.2 Years Remaining
  • Near the Intersection of Texas 1604 Loop and Bandera Road; Combined Traffic Counts Exceed 165,766 VPD
  • Steady and Proven Operating History at This Location
  • Rental Escalation Scheduled in 2023
  • More Than 316,891 Residents Within a Ten-Mile Radius
  • Highway Location Surrounded by Multiple Big Box Retailers
  • Large 1.21 Acre Parcel with Ample Parking and Multiple Access Points

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Taco Cabana in San Antonio, Texas. The property consists of a 3,551-square foot, freestanding building that sits on approximately 1.21 acres of land. There are approximately 8.2 years remaining on the current lease term, with a 5 percent rental escalation scheduled in 2023. Taco Cabana has operated at this location for more than 17 years. The property is located near the major intersection of Texas 1604 Loop and Bandera Road, where combined traffic counts exceed 165,766 vehicles per day. The area is extremely dense with more than 316,891 residents within a ten-mile radius. The subject property is an outparcel to Silverado Station, a 40,628-shopping center, and is surrounded by multiple big box retailers. Additional retailers in the immediate area include H-E-B plus!, Target, The Home Depot, Lowe’s, Kohl’s, Office Depot, Gold’s Gym, Ross Dress For Less, Chick-fil-A, Whataburger, IHOP, Chipotle, Arby’s, Applebee’s, 7-Eleven and many more. Started in San Antonio, Texas, as a taco stand in 1978, Taco Cabana pioneered the concept of “patio cafes,” which are semi-enclosed patio dining areas decorated in festive Mexican themes. Fiesta Restaurant Group Inc. owns, operates and franchises the Taco Cabana brand.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower