Retail

Native Grill & Wings - San Antonio, TX

3238 Wurzbach Rd San Antonio, TX United States 78238-4001
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Key Facts

Year Built 2014
Building Area
Land Area
Last Updated Date 26 Jun 2020

Property Description

JLL is pleased to offer for sale a single-tenant property leased to Native Grill & Wings in San Antonio, Texas. Built in 2014, the property is strategically located adjacent to Interstate 410 (197,000+ VPD), a retail corridor that features a line-up of national retailers including Walmart, Best Buy, At Home and Ross Dress for Less. It is an outparcel of Ingram Park Mall, a super-regional shopping center featuring over 1.1 million square feet of retail serving a densely-populated San Antonio community.


There are over 150 retailers including major tenants such as Dillard’s, New York & Company, James Avery Craftsman, Macy’s and H&M which draws significant foot traffic to the area. The area’s largest employers are located within immediate proximity, including Accenture, Holmes High School, Southwest Research Institute, Texas Biomedical Research Institute, the National Security Agency and a CVS Call Center. This offering presents the opportunity to acquire a property leased to a high-performing restaurant concept located within a dominant retail corridor.

Investment Highlights

• Fee simple interest

• Operating on a net lease with over 14 years remaining

• Contractual rental increases every 5 years with renewal options

• Award winning fast-casual restaurant chain with 28 locations

• Increase in unit-level sales growth of 51% since 2015

• Nearby biggest employers help generate a daytime population of over 115,000 people within a 3 mile radius

Peter Bauman
Senior Director, Capital Markets
Tivon Moffitt
Senior Director, Capital Markets

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