8502 Broadway, San Antonio, TX 78217-6314

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.