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Taco Bell | Absolute NNN Lease | San Antonio, Texas

$1,800,000

9263 Culebra Road, San Antonio, TX 78251

Active
Last Updated: 03/15/2023

4.88

Cap Rate

88,000

NOI

Details:
Cap Rate:    4.88%
NOI:    $88,000
Building Size:    2,755 sqft
Lot Area:    35,458 sqft
Lease Type:    Absolute Net
Year Built:    1999
Price Per Sqft:    $653.36
Year Last Renovated:    2019
Highlights:
  • Strong Franchise Guaranty
  • Absolute NNN Lease
  • 21 Years remaining on Lease
  • Income tax free state
  • Built in 1999 / Renovated in 2019
  • 10% increases every 5 years
  • Five (5) year options to renew
Description:

Gaia Real Estate Investments is pleased to present you with this exclusive Taco Bell listing located in San Antonio, Texas. The initial 25 year terms commenced March 21, 2019 and will expire March 21, 2044. The Lease is an Absolute True NNN with zero Landlord responsibilities and features 10% increases every 5 years with five (5) year options and 10% increase. The subject property is strategically located on the lighted intersection crossing Grissiom Road and Culebra Road both tracking approx. 33,000 VPD with strong neighboring retailers such as McDonald’s, KFC, Super Wal Mart, CVS, HEB, O’Reilly Auto Parts, Auto Zone, Pep Boys, Little Caesars Pizza and Jiffy Lube.

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Offering Memorandum
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