Investment Highlights

NEW 15-YEAR CORPORATE ABSOLUTE NNN GROUND LEASE IN TAX-FREE STATE
» 15-year absolute NNN ground lease to strong corporate tenant
» 10% rental increases every five years
» Purchase price well-below the overall capital investment of the tenant (average Bubba’s 33 capital investment for a new store in 2022 was $7.8M)
» No landlord responsibilities, ideal for an out-of-area investor
» Bubba’s 33 was created in 2013 by Kent Taylor, founder, and CEO of Texas Roadhouse restaurants
» Texas Roadhouse operates a leading full-service restaurant chain with 627 company-owned and franchised locations in 49 states and nine countries outside of the U.S.
» New 2023 construction on a large parcel with multiple access points and 156 total parking spaces, providing ideal accessibility
» Texas has no state income tax, estate tax, or inheritance tax

PRIME LOCATION AT ENTRANCE TO BROOKS CITY BASE
» Conveniently located along Southeast Military Drive and near the signalized intersection with South New Braunfels Avenue, with excellent visibility and access to 46,167 vehicles per day
» Located at the entrance to Brooks City Base, a $1.5B+, 1,308-acre mixed-use community with 6,000 employees and 2,300+ students
» Immediately surrounded by notable tenants such as Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Best Buy, Chick-fil-A, and many more
» Now home to more than 50 businesses, the Brooks region is predicted to support more than 19,000 direct and indirect jobs by 2024

DENSELY POPULATED AREA WITH EXCELLENT TOURIST DEMOGRAPHICS
» 197,450 residents live within five miles of the property, creating a large and reliable customer base for the site
» Located in a major tourist area and near Texas landmarks including Mission San Juan (300,000+ annual visitors) and San Antonio Missions National Historical Park (1.33 million visitors in 2021)
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Bubba’s 33 and San Antonio for steady concurrent growth
» Seven miles from Downtown San Antonio, the urban core of Greater San Antonio serving 2.5 million people

Property Description

» This Bubba’s 33 is conveniently located along Southeast Military Drive and near the signalized intersection with South New Braunfels Avenue, with excellent visibility and access to 46,167 vehicles per day
» Located at the entrance to Brooks City Base, a $1.5B+, 1,308-acre mixed-use community with 6,000 employees and 2,300+ students
» The property is immediately surrounded by notable tenants such as Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Best Buy, Chick-fil-A, and many more
» Now home to more than 50 businesses, the Brooks region is predicted to support more than 19,000 direct and indirect jobs by 2024
» 145,292 residents live within five miles of the property, creating a large and reliable customer base for the site
» Located in a major tourist area and near Texas landmarks including Mission San Juan (300,000+ annual visitors) and San Antonio Missions National Historical Park (1.33 million visitors in 2021)