Chacho's - San Antonio, TX

SHOP Companies is pleased to present the opportunity for qualified investors to acquire a ground-leased asset located in San Antonio, Texas. The 0.70-acre parcel is 100% leased to Chacho’s, a popular and long-standing local Tex-Mex concept operated by an experienced 7-unit regional restaurant group. The lease is structured as an Absolute NNN Ground Lease with zero landlord responsibilities and more than seventeen (17) years remaining on the primary term, offering a passive, long-term income stream backed by a well-capitalized operator. The lease also includes above-market 2% annual rent escalations helping hedge against inflation.

Positioned just off Interstate 10—a major arterial with over 228,000 vehicles per day—the property boasts exceptional visibility and accessibility in a dense and thriving trade area. It is located just south of a high-performing Lowe’s Home Improvement, which draws an estimated 783,000 annual visitors according to Placer.ai, further enhancing daily traffic and exposure. The surrounding area includes a population of more than 356,000 residents within a 5-mile radius, placing the property in one of the most populated corridors in the San Antonio metro. Chacho’s drive-thru currently generates strong annual sales—despite operating without dine-in service. Following renovations and the return of in-person dining, sales are expected to increase significantly, providing clear upside potential.