Restaurant

Taco Cabana

25103 W I-10 Frontage Rd, San Antonio, TX 78257

Listing Price: $2,190,330

Cap Rate
5.65%
Tenant Name
Taco Cabana
Guarantor
Corporate Guarantee
Rentable SF
4,879
Lease Type
Absolute Net
Rent Per Square Feet
$25.36

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase the fee simple interest in a Taco Cabana with Drive-Thru located at 25103 W I-10 Frontage Road, San Antonio, Texas. The property contains 4,879 SF of net leasable area and is situated on 0.92 acres. This absolute triple-net leased Taco Cabana is subject to a 20-year sale-lease-back with 1.50% annual rent increases. San Antonio is the second fastest growing MSA in the United States, with a population of over 1.4 million residents. The city is in the American Southwest and the “Hill Country” region of Texas. San Antonio is approximately 197 miles west of Houston and 270 miles south of Dallas. Fiesta Restaurant Group (NASDAQ: FRGI) is a Dallas, Texas-based restaurant chain, primarily owning Taco Cabana locations in Texas and Pollo Tropical locations in Florida. Fiesta employs over 10,000 people and had a 2019 revenue of $661 million. The property’s high-visibility location, surrounding demographics and sale-lease-back structure are all considered to be highly advantageous.

Investment Highlights

  • Frontage on I-10 – 76,000 Vehicles per Day
  • San Antonio is One of America's Fastest Growing Cities
  • $135,000 Median Household Income Within 3 Miles
  • Texas is an Income Tax-Free State
  • Absolute Triple-Net (NNN) Lease – Zero Landlord Responsibility
  • 20 Year Lease Term Commencing Upon Close of Escrow
  • 1.5% Annual Rent Increases – Excellent Hedge Against Inflation
  • Proximity to University of Texas San Antonio – 33,000+ Students

Exclusively Listed By

Listing Price: $2,190,330

Cap Rate
5.65%
Tenant Name
Taco Cabana
Guarantor
Corporate Guarantee
Rentable SF
4,879
Lease Type
Absolute Net
Rent Per Square Feet
$25.36

Investment Highlights

  • Frontage on I-10 – 76,000 Vehicles per Day
  • San Antonio is One of America's Fastest Growing Cities
  • $135,000 Median Household Income Within 3 Miles
  • Texas is an Income Tax-Free State
  • Absolute Triple-Net (NNN) Lease – Zero Landlord Responsibility
  • 20 Year Lease Term Commencing Upon Close of Escrow
  • 1.5% Annual Rent Increases – Excellent Hedge Against Inflation
  • Proximity to University of Texas San Antonio – 33,000+ Students

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase the fee simple interest in a Taco Cabana with Drive-Thru located at 25103 W I-10 Frontage Road, San Antonio, Texas. The property contains 4,879 SF of net leasable area and is situated on 0.92 acres. This absolute triple-net leased Taco Cabana is subject to a 20-year sale-lease-back with 1.50% annual rent increases. San Antonio is the second fastest growing MSA in the United States, with a population of over 1.4 million residents. The city is in the American Southwest and the “Hill Country” region of Texas. San Antonio is approximately 197 miles west of Houston and 270 miles south of Dallas. Fiesta Restaurant Group (NASDAQ: FRGI) is a Dallas, Texas-based restaurant chain, primarily owning Taco Cabana locations in Texas and Pollo Tropical locations in Florida. Fiesta employs over 10,000 people and had a 2019 revenue of $661 million. The property’s high-visibility location, surrounding demographics and sale-lease-back structure are all considered to be highly advantageous.

Exclusively Listed By

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