6380 Rittiman RdSan Antonio, TX 78218

Property Details for 6380 Rittiman Rd

Year built

1988

Lot size

0.44 AC

Property size (Sq ft)

3,105 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

17628-002-0022

APU

176280020022

Description

This exceptional investment opportunity presents a fee-simple owned Pizza Hut restaurant located at 6380 Rittiman Rd, San Antonio, TX 78218. Boasting a brand new 15-year absolute NNN lease with scheduled rental increases, this property offers significant long-term stability and passive income. The 3,105 square foot building, constructed in 1988 and renovated in 2005, sits on a 0.44-acre lot in a high-traffic area. The property benefits from its location near the signalized intersection of Rittiman Rd and Farm to Market Rd 78, experiencing over 68,000 vehicles daily. This prime retail location is surrounded by numerous national credit tenants, including Walmart, CVS, Ollie's Bargain Outlet, and AutoZone, ensuring strong consumer traffic and brand recognition. The property's Net Operating Income (NOI) is $99,754, resulting in a 5.60% cap rate, and the asking price is $1,781,321 ($573.69/sq ft). The lease includes four 5-year renewal options, further enhancing the long-term value of this investment. This is a truly passive investment with zero landlord responsibilities, making it an ideal addition to any portfolio. The strong demographics within a 5-mile radius provide a substantial and consistent consumer base for the established Pizza Hut franchise.

• CAP approach

  CAP return

  Valuation

  6%

  $856,674

  6.5%

  $790,776

  7%

  $734,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,778,297

  Geo Method

  $1,778,297

• Alternative Use

  Use

  Valuation

  Residential

  $667,050

  Hospitality

  $611,014

  Educational

  $508,356

  Medical

  $525,839

  Retail

  $790,776

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.4805

Longitude

-98.3625

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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