• ABS NNN Lease: The property is under an absolute net (NNN) lease, with zero landlord responsibilities.
• ±22.5 years remaining on the lease term backed by Red Lobster Corporate (560+ locations).
• Attractive 2% annual rental increases, ensuring consistent income growth over time.
• High Traffic Counts: The property boasts excellent visibility with traffic counts on S Guadalupe St exceeding ±27,000 vehicles per day (VPD) and close proximity to I-35, which sees ±130,015 VPD.
• This major highway is a critical artery connecting San Antonio, Austin, Dallas, and spans from the US-Mexico border in Laredo, TX to Duluth, Minnesota near the Canadian border, ensuring high accessibility and customer flow.
• Densely Populated Area: The surrounding area is densely populated, with approximately 62,171 residents within a 3-mile radius, 86,501 residents within a 5-mile radius, providing a substantial consumer base.
• San Marcos Thriving Economy: San Marcos is positioned in one of the fastest-growing regions in the US, with an $8.9 billion local economy driven by the continued growth of the I-35 corridor between Austin and San Antonio, further enhancing the investment’s long-term potential.
• Tax Benefits: Texas is an income tax-free state, offering advantageous conditions for out-of-state investors seeking tax-efficient opportunities.
• Texas State University: Located near Texas State University, which enrolls over 44,500 students and is one of the largest universities in the state of Texas.