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Hat Creek Burger Sale-Leaseback, San Antonio, TX

Hat Creek Burger Sale-Leaseback

Live Oak, Texas 78233

Price $3,876,000
Cap Rate 6.50%
NOI $248,160
Lease Term 20 Years
Lease Type Absolute NNN with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 1.5% Annual Rental Increases
Year Built 2020
Building Size 3,158 SF
Lot Size 1.036 Acres (45,132 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 20-YEAR ABSOLUTE NNN WITH ANNUAL RENTAL INCREASES
» 20-year absolute NNN guaranteed
» Four (4) five (5) year option periods
» No landlord management, ideal for an out-of-area investor
» 1.5% annual rental increases, providing a hedge against inflation
» Corporate guaranty from Hat Creek Burger Inc.
» Average store sales for Hat Creek Burger exceed In-N-Out, Burger King, Chipotle, Starbucks, Jack in the Box, Wendy’s, and Taco Bell

EASILY ACCESSIBLE LOCATION IN HIGHLY POPULATED AND AFFLUENT AREA
» 202,071 residents within a five-mile radius of the property
» Easily accessibly location along East Charles William Anderson Loop (128,717 AADT)
» Average annual household income of $82,017 within a one-mile radius of the property
» Immediate access to Interstate 35, a major east-west thoroughfare traversing the entirety of Live Oak (181,394 AADT)
» Projected 10 percent average annual household income increase within three miles of the site in the next five years, poising Hat Creek Burger and Live Oak for significant concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Beneficial proximity to Randolph Air Force Base (population 1,178)
» Surrounded by a strong mix of well-established national tenants in a dense retail corridor, including IKEA, Target, Best Buy, Cost Plus World Market, Home Depot, Kohl’s, and many more
» Located within five miles of four major shopping centers with a combined 3.7 million SF of retail space and 344 stores, promoting crossover shopping to the site
» Gateway to San Antonio, the seventh-most populous city in the U.S.

2020 CONSTRUCTION
» Features latest Hat Creek Burger prototype
» Includes drive-thru pick-up window for take-out orders



Property Description

The property has an easily accessible location along East Charles William Anderson Loop, with visibility and access to 128,717 vehicles per day. The site also maintains immediate access to Interstate 35, a major east-west thoroughfare traversing the entirety of Live Oak (181,394 AADT). The property benefits from its central location in a highly populated area, with 202,071 residents living within a five-mile radius of the location. The site also has a beneficial location in an extremely affluent area, with an average annual household income of $82,017 within a one-mile radius of the property. With a projected 10 percent average annual household income increase within three miles of the site in the next five years, Hat Creek Burger and Live Oak are poised for significant concurrent growth.

The site benefits from its location near large employers, retailers, and community hubs. The property maintains a beneficial proximity to Randolph Air Force Base (population of 1,178). Traffic to the site is increased by its central location within five miles of four major shopping centers with a combined 3.7 million SF of retail space and 344 stores. The location is surrounded by a strong mix of well established national tenants in a dense retail corridor, including IKEA, Target, Best Buy, Cost Plus World Market, Home Depot, Kohl’s, and many more. The site also experiences increased traffic from its proximity to San Antonio, the seventh-most populous in the United States.

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