Property profile

1218 Bitters Rd San Antonio, TX 78216

OFF-MARKET
Drive through restaurants
Property ID
US82-9527550
2,975 SF 0.98 ac lot Built 2016
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,975 square foot Bush's Chicken restaurant located at 1218 W Bitters Rd, San Antonio, TX 78216. The property sits on a 0.98-acre lot and benefits from a prominent location near the intersection of Blanco Rd and W Bitters Rd, boasting approximately 38,900 vehicles per day. Its convenient access to Hwy 281 (2.3 miles) and Interstate 10 (approximately 5 miles) enhances its appeal. The property is situated in a high-density area with over 234,000 people within a five-mile radius, capitalizing on San Antonio's robust population of approximately 1.5 million residents and a MSA of approximately 2.4 million. This absolute NNN lease boasts a remaining term of 12.8 years, commencing September 25, 2017, and expiring August 31, 2037. The lease includes four five-year renewal options, each with a 10% rent increase. Built in 2017, the property offers a strong 6.00% cap rate and a substantial NOI of $123,467. The asking price is $2,058,000, translating to a price per square foot of $691.76. Ten percent rent bumps occur every five years, providing consistent income growth. This is a rare opportunity to acquire a well-located, established QSR property in a thriving Texas market.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2016
Total area 2,975 SF
Lot 0.98 ac (42,602 SF)
APN 17721-013-0240
UPID US82-9527550

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Restaurant Take-out & Catering
  • Bar & Pub
  • (Bike/Boat/Book/etc) Store
  • Bakery Discount Store

Location

1218 Bitters Rd San Antonio, TX 78216-8089
San Antonio metro Census 191702 SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$470k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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