OFFERING MEMORANDUM - LoopNet
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OFFERING
MEMORANDUM
7122 S I-35 | SAN A NTO NIO, TX
$2,16 9,0 0 0 | 6 .5 0 % CA P
AC T UAL SI T E | PHOTOS TA K E N JUNE 2 0 2 1
DE NNY ’ S | SA N A N TO N IO, TX
EXECUTIVE
SUMMARY
$2,169,000 * 6.50%* $141,000
PRICE CAP NOI
7122 South I-35
LOCATIO N
San Antonio, Texas 78221
L E AS E T Y P E Absolute NNN
L E AS E E X P IR AT IO N J a n u a r y 3 1 , 2 0 3 0
L E S S EE McMahon Enterprises
G UAR A N TO R Tenant
1 x 10 Year Option
OPT I O N S
January 31, 2040
I NCR EAS E S Yes in Option Period
L AND S IZE ±0.7 AC
BUI L D IN G S IZE ±2,821 SF
R OF R No
* $ 5 4 , 0 0 0 Ba se R e n t a t 5 .5 0 % C a p R a te a n d $ 8 7 ,0 0 0 Pe r ce n ta g e
R e n t a t 7 .3 0 % C a p R a te
D ENN Y ’ S | SA N A NTONI O, TX
T h is De n n y ’s h a s a n a b s o l u t e N N N l e a s e . T h e b u i l d i n g
RETAIL INVESTMENT GROUP
wa s b u ilt in 1 9 6 7. I t i s ± 2 , 8 2 1 s q u a r e f e e t a n d s i t s o n
IS PLEASED TO BE THE ± 0 . 7 a c re s o f la nd .
EXCLUSIVE LISTING BROKERAGE
FOR DENNY’S A d ja c e n t re t a ile rs i n c l u d e S t a r b u c k s , A r b y ’ s , L a Q u i n t a ,
S h e rwin -W illia ms , D i s c o u n t T i r e , Q u i k T r i p , 7 - E l e v e n ,
IN SAN ANTONIO, TEXAS
A T & T , Ch a s e B a n k a n d D i c k ’ s S p o r t i n g G o o d s .
±42,097 VPD
PD
1V
42
8 0,
±
DE NNY ’ S | SA N A N TO N IO, TX
PROPERTY
OVERVIEW
• I -3 5 f r o n t a g e
• Tenant at location since 1989
• Average sales in excess of $2.3 million
(A U V f o r D e n n y ’ s a p p r o x i m a t e l y $ 1 . 5
milli o n )
• Tax-free state
• Population exceeds 121,000 within 3-miles
• A d jac e n t r e t a i l e r s i n c l u d e : S t a r b u c k s ,
A rby ’ s , L a Q u i n t a , S h e r w i n - W i l l i a m s ,
Dis c o u n t T i r e , Q u i k T r i p , 7 - E l e v e n , A T & T ,
Ch as e B a n k a n d D i c k ’ s S p o r t i n g G o o d s
D ENN Y ’ S | SA N A NTONI O, TX
I-35 FRONTAGE
LOCATION
PD
2 1V
0,4
±8
Not to scale. Survey overlay is approximate. Buyer to verify all information.
ACTUAL SITE | P H OTOS TAKEN JU NE 2021
D ENN Y ’ S | SA N A NTONI O, TX
De n n y ’s wa s f o u n d e d b y Ha ro ld B u t le r a n d R i c h a r d J e z a k , w h o o p e n e d D a n n y ’ s
ABOUT
Do n u t s in L a k e wo o d , Ca lif o rn ia in 1 9 5 3 . O r i g i n a l l y o p e n e d a s a c o f f e e s h o p
DENNY’S u n d e r t h e n a me Da n n y ’s Do n u t s , De n n y ’ s i s n o w k n o w n f o r a l w a y s b e i n g o p e n
a n d s e rv in g b re a k f a s t , lu n c h a n d d in n er a r o u n d t h e c l o c k . D e n n y ’ s s t a r t e d
f ra n c h is in g in 1 9 6 3 , a n d mo s t De n n y ’s r e s t a u r a n t s a r e n o w f r a n c h i s e e - o w n e d .
De n n y ’s is A me ric a ’s la rg e s t f u ll s e rv ic e f a m i l y - s t y l e r e s t a u r a n t c h a i n ( m a r k e t
+1 ,6 4 9 19 5 3 s h a re a n d n u mb e r o f u n it s ). A s o f Ma rc h 3 1 , 2 0 2 1 , D e n n y ’ s h a d 1 , 6 4 9 f r a n c h i s e d ,
Lo c a t i on s Founde d lic e n s e d , a n d c o mp a n y re s t a u ra n t s a ro u n d t h e w o r l d i n c l u d i n g 1 4 8 r e s t a u r a n t s
in Ca n a d a , P u e rt o R ic o , Me x ic o , t h e P h i l i p p i n e s , N e w Z e a l a n d , H o n d u r a s , t h e
Un it e d A ra b E mira t e s , Co s t a R ic a , G u a m , G u a t e m a l a , E l S a l v a d o r , I n d o n e s i a ,
a n d t h e Un it e d K in g d o m. De n n y ’s re s t au r a n t s a r e o p e n 2 4 h o u r s a d a y , 7 d a y s a
± 5 0 STAT E S “ DENN ” we e k . T h is “ a lwa y s o p e n ” o p e ra t in g p lat f o r m i s a d i s t i n c t c o m p e t i t i v e a d v a n t a g e .
in th e U. S . N a s da q De n n y ’s p ro v id e s h ig h q u a lit y me n u o f f e r i n g s , g e n e r o u s p o r t i o n s a t r e a s o n a b l e
p ric e s wit h f rie n d ly a n d e f f ic ie n t s e rv ic e i n a p l e a s a n t a t m o s p h e r e .
DE NNY ’ S | SA N A N TO N IO, TX
ABOUT
SAN ANTONIO
San Antonio is a major city in south-central
Texas with a rich colonial heritage. The Alamo,
an 18th-century Spanish mission preserved as
a mu s eu m , m a r k s a n i n f a m o u s 1 8 3 6 b a t t l e f o r
Texan independence from Mexico. Following
the San Antonio River, the miles-long River
W a lk is a l a n d m a r k p e d e s t r i a n p r o m e n a d e
lin e d w i t h c a f e s a n d s h o p s . H e m i s f a i r P a r k ’ s
7 5 0 -f t . T o w e r o f t h e A m e r i c a s o v e r l o o k s t h e
OK
AR c it y .
NM T h e c ity ’ s r i c h c u l t u r e o f f e r s a n a u t h e n t i c
g limp se o f e a r l y S p a n i s h c o l o n i a l l i f e i n t h e
Southwest. As the first civilian settlement in
TEXAS LA
Texas, San Antonio de Béxar was founded
in 1 7 1 8. T o d a y , m a n y o f t h e c i t y ’ s e a r l y
a rc h it e c t u r a l a n d c u l t u r a l e l e m e n t s r e m a i n ,
a llo win g v i s i t o r s t o v i s i t t h e h i s t o r i c a l s i t e s i n
San Antonio and see into the city’s storied past
f irs t -h an d .
SAN
ANTONIO
D ENN Y ’ S | SA N A NTONI O, TX
DEMOGRAPHICS
Po pu l at i on
FOOD AWAY FROM HOME SPENDING OF
2021 Population
1 Mile
14,747
3 Miles
121,060
5 Miles
263,236
OVER $221,000,000
WITHIN 5-MILES
2026 Population Proj 15,292 125,805 275,049
2 0 2 1 H o u s e h o ld Incom e
2021 POPULATION OF
Avg Household Income
1 Mile
$46,804
3 Miles
$50,260
5 Miles
$49,606
263,236 RESIDENTS
WITHIN 5-MILES
Med Household Income $37,417 $40,289 $38,603
H o us e h ol d s Traf f ic Co u n ts
1 Mile 3 Miles 5 Miles I- 35 & I- 35 Access Rd NE ±80,421 VPD
2021 Households 4,436 37,190 82,525 SW Military Dr & Logwood Ave E ±42,097 VPD
2026 Household Proj 4,582 38,501 85,982 Logwood Ave & SW Military Dr N ±5,769 VPD
CoStar 2020EXCLUSIVELY
LISTED BY
S EA N STE PHENSO N STEVE N DAV I S M A R K M C LO ON E STE VE N KL E IMAN
S e n io r Ad v i s o r F o u n der & M anaging Par tner M anaging Par tner Tex as Br ok er of Recor d
A Z L ic : S A6 7 2 380 0 0 0 A Z Li c: BR101032000 AZ Lic: SA6732 50000 TX Li c: 492577
61 9 . 9 4 4 . 6 4 7 7 6 0 2 .6 25.8338 602.790.1526
s e a n @r e t a i l 1 0 3 1.co m ste ve n@r etail1031.com m ar k@r etail1031.com
4 80. 4 2 9. 4 580 | w w w. r e ta i l 1 0 3 1 .c o m
CONFIDENTIALITY
DISCLAIMER
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Retail Investment
Group and it should not be made available to any other person or entity without the written consent of Retail Investment Group. By taking possession of and reviewing the information
contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part
of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Retail Investment Group. This offering memorandum has
been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The
information contained herein is not a substitute for a thorough due diligence investigation. Retail Investment Group has not made any investigation, and makes no warranty or representation
with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements,
the presence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon,
or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. Additional information and an opportunity
to inspect the Property will be made available upon written request to interested and qualified prospective investors. The information contained in this offering memorandum has been
obtained from sources we believe reliable; however, Retail Investment Group has not verified, and will not verify, any of the information contained herein, nor has Retail Investment
Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All
potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the
subject property. The information contained herein has been obtained from the owner of the property or from other sources we deem reliable. We have no reason to doubt its accuracy,
but we do not guarantee it. If you have no interest in the Property, please return this Offering Memorandum to Retail Investment Group, LLC.You can also read
