Freestanding NNN Restaurant
1524 N State Highway 46, Seguin, TX 78155
For Sale
Contact for pricing
A single-tenant restaurant occupies a highway-facing site under a modified NNN lease.
Property Size2,332 SF
Lot Size1.34 Acres
Price / SF$385.93
Days on Market15
Property Features for 1524 N State Highway 46
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Site & Location
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
RESOLUT RE San Antonio
Listed By:
Natalie Romero · License TX #797495
(832) 715-7585
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 3:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RESOLUT RE San Antonio
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Investment Insights
Based on property information with market context.
The freestanding Subway restaurant contains 2,332 square feet on a 1.34-acre site and was built in 2012. The property is leased under a modified NNN structure. The tenant reimburses property taxes and insurance and is responsible for HVAC, parking, and utilities. The lease extends through January 31, 2028, with automatic renewal options for as many as four additional five-year terms unless the tenant gives notice of non-renewal. Rent increases by 10% at each renewal, and the tenant has a right of first refusal.
The property is at the I-10 and SH 46 interchange in Seguin, at 1524 N State Highway 46. It shares the intersection with the 544-acre Seguin Exchange.
The property is at the I-10 and SH 46 interchange in Seguin, at 1524 N State Highway 46. It shares the intersection with the 544-acre Seguin Exchange.
Key Highlights
- Freestanding Subway restaurant with 2,332 square feet on 1.34 acres
- Built in 2012
- Modified NNN lease; tenant reimburses property taxes and insurance and handles HVAC, parking, and utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,446
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,920
$668.9K
Cap Rate 7%
$477,800
$477.8K
Cap Rate 9%
$371,622
$371.6K
Market Conditions
NOI Build-Up for 2,332 SF
Gross rent
$46.5K $19.92/SF
− Vacancy
−$1.9K −$0.80/SF
EGI
$44.6K $19.12/SF
− OpEx
−$11.1K −$4.78/SF
NOI
$33.4K $14.34/SF
Area
Guadalupe County, TX
Vacancy
4.00%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,920
Cap Rate 7%
$477,800
Cap Rate 9%
$371,622
Alternative Uses
Best Use
Specialty Retail
$477.8K
$418.1K – $557.4K
NOI $33,446 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.9K
$520.5K – $694.0K
NOI $41,640 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 78155, TX
51,772
Population
21,791
Households
2.4
Avg Household Size
40
Median Age
22%
College-Educated
85%
High-School Grad
355.5 sq mi
ZIP Area
146
Density / Sq Mi
$71,367
Median Household Income
$38,985
Median Earnings
$1,149
Median Rent
$246,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - A single-tenant restaurant occupies a highway-facing site under a modified NNN lease.
Where is this nnn property located?
The property is located at 1524 N State Highway 46 Seguin, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Freestanding Subway restaurant with 2,332 square feet on 1.34 acres; Built in 2012; Modified NNN lease; tenant reimburses property taxes and insurance and handles HVAC, parking, and utilities
