CVS - Bridge City, TX (Currently Dark)
485 Texas Avenue, Bridge City, TX, 77611, US
1,293 m²
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the single-tenant J. Alexander's located at 17422 Fiesta Texas Drive, San Antonio, Texas (the "Property" or "Asset"). J. Alexander's is operating on an absolute NNN ground lease with ±9.6 years of primary lease term remaining, various rent escalations and three, five-year options.
This offering presents investors with a rare opportunity to acquire a long-term ground lease from a well-known restaurant brand in a heavily trafficked commercial corridor.
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Attributes
Asking price
CHF 3,237,000
Cap rate
6.25%
NOI
CHF 203,000
Remaining lease term
9.6 years
Lease type
Absolute Triple Net
Building area net
762 m²
Year built
2020
Land area gross
0.75 ha
Media
Investment Highlights
- J.Alexander's Fine Dining Restaurant operating under SPB Hospitality with 40+ locations
- Absolute NNN Ground Lease with zero Landlord responsibilities
- ±9.6 Years of primary lease term remaining
- Adjacent to The Rim, the #1 most visited shopping center in TX with 8.7M visits annually
- $135K average household income within a 5-mile radius
- Adjacent to Six Flags Fiesta Texas, the #1 most visited theme park in TX
- 307% Population growth since 2010 within a 1-mile radius
- Frontage along I-10 with accessibility to 150,000+ VPD
Contact brokers
J. Alexander’s – San Antonio, TX (0 Properties)
