Off Market
San Antonio, TX - Brevity Coffee
146 St. Cloud Road | San Antonio, TX 78228
Description
SRS National Net Lease is pleased to offer the opportunity to acquire an absolute NNN ground leased, Brevity Coffee investment property located in San Antonio, Texas. The tenant, Grind Haus Coffee Company LLC, recently signed a brand new 15 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.5% rental increases annually throughout the initial term, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Brevity Coffee Co has opened 7 successful locations throughout the San Antonio MSA.
Location
The Brevity Coffee is located near the signalized, hard corner intersection of St Cloud Rd and US Hwy 421. The highway is a major retail thoroughfare serving the city of San Antonio. The Brevity Coffee is located across the street from James Madison Elementary School, which has an enrollment of about 650 students. In addition, the property is conveniently located in close proximity to St. Mary’s University, a university with over 2,000 students. The asset is positioned less than a mile from a Walmart Supercenter, a 155,000 square foot building. The property is in the center of a primary retail corridor with other nearby national/credit tenants including H-E-B Grocery, McDonald’s, Raising Cane’s, Popeye’s, Dollar General, Dollar Tree, and more, further increasing consumer traffic to the site. The subject property is next door to Cano Health Texas PLLC, a public health clinic serving the city of San Antonio. Strong tenant synergy promotes crossover shopping to the property. The 5-mile trade area is supported by a population of over 357,000 with an average household income of $65,858.