Texas de Brazil
10,400 SF | Retail Building | San Antonio, TX 78205 | $4,940,000 ($475/SF) | 6.75% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $4,940,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 10,400 SF
- Price / Square Foot
- $475
Listing Contacts
Will Walters
Verified Profile
Alex Speed Throckmorton
Verified Profile
Jackson Fuller
Verified Profile
- Property Info
Property Overview
DuWest Realty Investment Services has been exclusively retained to market for sale the Texas de Brazil (the "Property") in San Antonio, Texas. The property features a corporately-backed NNN lease that has been in place since 2010. Texas de Brazil recently extended their lease for 9 years and maintains a very healthy rent-to-sales ratio.
Texas de Brazil occupies just over 10,400 SF of the historic Kress building on E Houston Street in the heart of San Antonio’s tourism district. This Texas de Brazil benefits from its proximity to the top San Antonio tourist destinations including the River Walk, The Alamo, and the Convention Center, among many other top San Antonio tourist destinations all within a 10 minute walking distance from the Property. San Antonio is the second fastest growing city in Texas and has the tourism numbers to prove it. The city saw over 41 million annual visitors in 2023 and was voted as America's Next Boomtown by Forbes.
Texas de Brazil is a family-owned Brazilian steakhouse with over 50 locations nationally and internationally. It was founded in 1998 in Addison (Dallas), Texas. With over 1,000 employees, the company now sees over $500 million in annual revenue. Part of the dining experience at this location includes "wine angels" suspended 20 feet in the air performing graceful acrobatics in the two story floor to ceiling wine room as you make your drink selection for the evening.
The acquisition of this Texas de Brazil offers investors a recently-renewed corporate NNN lease located in an iconic San Antonio building in the heart of the tourism district. The property is located in an excellent trade area and the site is positioned to retain excellent value long-term through embedded annual 2.5% rental bumps and the additional investment from the city into the immediate area as tourism continues to thrive. This is an opportunity to acquire a piece of San Antonio history and be a part of their flourishing economy.
Texas de Brazil occupies just over 10,400 SF of the historic Kress building on E Houston Street in the heart of San Antonio’s tourism district. This Texas de Brazil benefits from its proximity to the top San Antonio tourist destinations including the River Walk, The Alamo, and the Convention Center, among many other top San Antonio tourist destinations all within a 10 minute walking distance from the Property. San Antonio is the second fastest growing city in Texas and has the tourism numbers to prove it. The city saw over 41 million annual visitors in 2023 and was voted as America's Next Boomtown by Forbes.
Texas de Brazil is a family-owned Brazilian steakhouse with over 50 locations nationally and internationally. It was founded in 1998 in Addison (Dallas), Texas. With over 1,000 employees, the company now sees over $500 million in annual revenue. Part of the dining experience at this location includes "wine angels" suspended 20 feet in the air performing graceful acrobatics in the two story floor to ceiling wine room as you make your drink selection for the evening.
The acquisition of this Texas de Brazil offers investors a recently-renewed corporate NNN lease located in an iconic San Antonio building in the heart of the tourism district. The property is located in an excellent trade area and the site is positioned to retain excellent value long-term through embedded annual 2.5% rental bumps and the additional investment from the city into the immediate area as tourism continues to thrive. This is an opportunity to acquire a piece of San Antonio history and be a part of their flourishing economy.
Property Details
- Class
- B
- Year Built/Renovated
- 1935/2018
- Stories
- 1
- Property Subtype
- Storefront
Highlights
- Corporate NNN Lease in Historic San Antonio
- Close Proximity to Key Tourism Anchors
- Embedded Cash Flow Increases
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