6757 Poss Rd, San Antonio, TX 78238
4,188 SF | Retail Building | San Antonio, TX 78238 | $2,500,000 ($597/SF) | 7.50% Cap Rate
For Sale
Active
Asking Price $2,500,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 4,188 SF
- Price / Square Foot
- $597
Listing Contacts
John Burke
Property Overview
Building is 4188 s.f. restaurant building with separate storage building and attached patio in constant operation under the same owner since 1997. Seller is a highly successful restaurant chain. The lease is guaranteed by the restaurant company, which has been successful for 30+ years and is currently its most successful ever and also individually by the owner of Chacho’s. The purpose of the sale is to raise capital for the expansion of the restaurant chain.
Seller has set the cap rate at 7.5% initially with 10% rent increases every 5 years. This bumps yield over 20 years to 8.7%. Seller believes this is an above market return
Contact [email protected] for more information.
More information available for a potential serious purchaser.
Seller has set the cap rate at 7.5% initially with 10% rent increases every 5 years. This bumps yield over 20 years to 8.7%. Seller believes this is an above market return
Contact [email protected] for more information.
More information available for a potential serious purchaser.
Property Details
- Class
- B
- Year Built
- 1985
- Stories
- 1
- Lot Size (sq. ft)
- 24,394 SF
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