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Cinnabon & Auntie Anne’s, San Antonio, TX

Cinnabon & Auntie Anne’s, San Antonio, TX


Investment Summary

Price $2,563,000
Cap Rate 5.35%
NOI $137,074
Lease Term 20 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 1.25% annual rental increases after year three (3)
Year Built 2024
Building Size 1,122 SF
Lot Size 1.085 acres (47,263 SF)
Status Under Contract
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

SINGLE-TENANT CINNABON & AUNTIE ANNE’S COMBO STORE ON A NEW 20-YEAR ABSOLUTE NNN WITH ANNUAL INCREASES
» 20-year absolute NNN lease with 1.25% annual rental increases beginning year three (3)
» Texas is an income tax-free state, making this property ideal for out-of-state investors
» Fresh Dining Concepts, LLC operates 215 stores in 21 different states, having topped $200 million in sales as of 2024

PROMINENT LOCATION ON DEEPLY INFILLED AND RAPIDLY GROWING RETAIL CORRIDOR
» High-visibility and easily accessible location on Potranco Road, with access to 24,000 vehicles per day directly in front of the site
» Located directly in front of John Paul Stevens High School and two miles from Earl Warren High School, servicing a combined 5,568 students
» The site benefits from its proximity to Raymond E. Stotzer Freeway, connecting the area with Interstate 410, a major six-lane auxiliary route of Interstate 10, which circumnavigates the city of San Antonio
» Surrounded by major national brand tenants including H-E-B Plus!, Walmart Supercenter, Kohl’s, Chick-fil-A, LA Fitness, Academy Sports, Starbucks, Taco Bell, Wendy’s, AutoZone, Dutch Bros, Firehouse Subs and many others
» Gateway to downtown San Antonio, the seventh-most populous city in the U.S. and the second-most populous city in the State of Texas, with a population of 1,436,697

DEEP INFILL CENTRALLY LOCATED SAN ANTONIO MARKET
» 295,747 residents live within five miles of the site, establishing a large and stable customer base for the property (33% increase from 2010)
» High average annual household income of $93,191 within one mile of the site (projected 13% increase by 2028)
» Projected population and AAHI increases within 1-,3- and 5-mile radii over the next five years poise the property and San Antonio for steady concurrent growth
» Centrally located near several San Antonio community hubs and attractions including SeaWorld, Menard Park, Rainbow Hills Park, Heritage Duck Pond Park, and many others
» Surrounded by dense single-family housing developments and apartment complexes

NEW HIGH QUALITY 2024 CONSTRUCTION IN TAX-FREE STATE
» New high-quality 2024 construction built to Auntie Anne’s & Cinnabon’s latest prototype
» The site features a drive-thru for added customer convenience
» Texas is an income tax-free state

Property Description

» This single-tenant property is a high-visibility and easily accessible location on Potranco Road, with access to 24,000 vehicles per day directly in front of the site
» The site benefits from its proximity to Raymond E. Stotzer Freeway, connecting the area with Interstate 410, a major six-lane auxiliary route of Interstate 10, which circumnavigates the city of San Antonio
» The property resides directly in front of John Paul Stevens High School and two miles from Earl Warren High School, servicing a combined 5,568 students
» The location benefits from being surrounded by major national brand tenants including H-E-B Plus!, Walmart Supercenter, Kohl’s, Chick-fil-A, LA Fitness, Academy Sports, Starbucks, Taco Bell, Wendy’s, AutoZone, Dutch Bros, Firehouse Subs and many others
» Cinnabon & Auntie Anne’s is centrally located near several San Antonio schools, community hubs and major employers, including SeaWorld, Menard Park, Rainbow Hills Park, Heritage Duck Pond Park, and many others
» The site is 17 miles from San Antonio International Airport, the sixth busiest airport in Texas, averaging 260 daily departures and arrivals at its 27 gates
» 295,747 residents live within five miles of the site, establishing a large and stable customer base for the property

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