8502 Broadway StSan Antonio, TX 78217

Property Details for 8502 Broadway St

Year built

2006

Lot size

1.01 AC

Property size (Sq ft)

5,616 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

12571-001-0390

APU

125710010390

Description

This exceptional investment opportunity presents a 5,876 square foot Chili's restaurant located on a prominent 1-acre lot at 8502 Broadway in San Antonio, Texas, 78217. The property boasts a highly desirable absolute NNN ground lease with a major corporate guarantor, Brinker International, Inc., ensuring consistent income. The lease commenced July 27, 2006, and has a remaining term expiring July 26, 2026, currently in its third year of the second option period. The property features a 5.75% cap rate and a current Net Operating Income (NOI) of $169,400, projected to increase to $186,340 in 2026 due to built-in rent bumps. Built in 2006, this single-tenant property benefits from its strategic location on the hard-signalized corner of Broadway Street and I-410 Loop, a high-traffic area with 204,104 vehicles passing daily. The surrounding area is densely populated, with 268,008 residents within a five-mile radius and an affluent population of $111,374 average household income within three miles, projected to grow by over 12% by 2029. Its proximity to San Antonio International Airport (0.4 miles) further enhances its visibility and accessibility. This property is ideal for 1031 exchange investors seeking a secure, high-performing asset in a prime San Antonio location. The property is surrounded by numerous national retailers, schools, and residential areas, contributing to its consistent high traffic volume.

• CAP approach

  CAP return

  Valuation

  6%

  $1,549,463

  6.5%

  $1,430,274

  7%

  $1,328,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,216,398

  Geo Method

  $3,216,398

• Alternative Use

  Use

  Valuation

  Residential

  $1,206,490

  Hospitality

  $1,105,138

  Educational

  $919,462

  Medical

  $951,084

  Retail

  $1,430,274

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.5175

Longitude

-98.4633

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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