3111 Thousand Oaks Dr San Antonio, TX 78247

Property Details for 3111 Thousand Oaks Dr

Year built

2013

Lot size

0.94 lot acres

Property size

3,432 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 3,432 square foot Bush's Chicken restaurant located at 3111 Thousand Oaks Drive, San Antonio, TX 78247. The property sits on a 0.94-acre lot and boasts a 100% occupancy rate under a Net Lease (NNN) agreement with 11.6 years remaining on a 20.1-year lease, commencing May 25, 2016, and expiring June 30, 2036. The lease includes four 5-year renewal options and features a 10% rent increase every five years, providing a hedge against inflation and ensuring consistent NOI growth. The current annual Net Operating Income (NOI) is $181,840, resulting in a 5.50% cap rate and a price per square foot of $963.34. The asking price for this turnkey investment is $3,306,181. The lease is secured by both a corporate and personal guarantee from Bush's Chicken, a well-established brand with over 75 locations nationwide. Further enhancing the investment's appeal is a supplemental income stream generated by a Clear Channel billboard lease with approximately 3.5 years remaining. The property benefits from its prime San Antonio location in a high-traffic area, exceeding 30,000 vehicles daily, and its proximity to major economic drivers such as Northeast Baptist Hospital and San Antonio International Airport. The surrounding area boasts a strong demographic profile, with over 100,000 residents within a 5-mile radius and an average household income exceeding $80,000. Built in 2013, this property offers a secure, passive income stream with significant long-term growth potential.

Location Insight

City

San Antonio

County

Atascosa

State

Texas

Longitude

-98.4376

Latitude

29.5742