Pizza Hut | New 15-Yr Abs NNN | 6115 Ingram Rd
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Pizza Hut | New 15-Yr Abs NNN 6115 Ingram Rd
3,195 SF Retail Building San Antonio, TX 78238 $2,473,704 CAD ($774.24 CAD/SF) 5.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Scheduled Rental Increases | Established Brand & Operator
- Located Along Ingram Rd (32,200 VPD) | Interstate 410 | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
• The tenant, at close of escrow, will sign a brand new 15-year sale leaseback with 4 (5-year) options, demonstrating commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• A global leader in the pizza category, Pizza Hut operates more than 19,000 restaurants in more than 100 countries
restaurants in more than 100 countries
• Tenant, Emerge Pizza of San Antonio LLC, is a subsidiary of Emerge! Restaurant Group, which operates 185 restaurants across their Pizza Hut, KFC, Taco Bell, and Sonic portfolio
• The subject property is located along Ingram Rd, a major retail road that averages 32,200 vehicles passing by daily
• The site benefits from nearby direct on/off ramp access to Interstate 410, a major thoroughfare averaging over 204,000 VPD
• The asset is located in a dense retail corridor, with numerous nearby national/credit tenants including Best Buy, Macy’s, CVS, Walgreens, and many more
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• A global leader in the pizza category, Pizza Hut operates more than 19,000 restaurants in more than 100 countries
restaurants in more than 100 countries
• Tenant, Emerge Pizza of San Antonio LLC, is a subsidiary of Emerge! Restaurant Group, which operates 185 restaurants across their Pizza Hut, KFC, Taco Bell, and Sonic portfolio
• The subject property is located along Ingram Rd, a major retail road that averages 32,200 vehicles passing by daily
• The site benefits from nearby direct on/off ramp access to Interstate 410, a major thoroughfare averaging over 204,000 VPD
• The asset is located in a dense retail corridor, with numerous nearby national/credit tenants including Best Buy, Macy’s, CVS, Walgreens, and many more
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,195 SF
Building Class
B
Year Built
1991
Price
$2,473,704 CAD
Price Per SF
$774.24 CAD
Cap Rate
5.60%
NOI
$138,527 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.51 AC
Zoning
C-2
Parking
34 Spaces (10.64 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13465-001-0080 | Improvements Assessment | $589,892 CAD |
| Land Assessment | $343,436 CAD | Total Assessment | $933,328 CAD |
PROPERTY TAXES
Parcel Number
13465-001-0080
Land Assessment
$343,436 CAD
Improvements Assessment
$589,892 CAD
Total Assessment
$933,328 CAD
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Pizza Hut | New 15-Yr Abs NNN | 6115 Ingram Rd
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