CVS - Bridge City, TX (Currently Dark)
485 Texas Avenue, Bridge City, TX, 77611, US
13,917 sf
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
HK$31,365,000
Cap rate
6.25%
NOI
HK$1,961,000
Remaining lease term
9.6 years
Lease type
Absolute Triple Net
Building area net
8,200 sf
Year built
2020
Land area gross
1.85 acres
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)
