Property Name

Schlotzsky's

Location

1530 N Loop 1604 East
San Antonio, TX 78232

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Property Description

Schlotzsky’s is a 20-year absolute net leased asset located at the intersection of North Loop 1604 and Highway 281 in San Antonio, Texas. The lease is guaranteed by Albert Restaurant Group, LLC, the largest Schlotzsky’s franchisee in the world with more than 30 existing restaurants and 5 others in development. Albert Restaurant Group, LLC was named the Schlotzsky’s 2013 and 2015 Franchisee of the Year.  The lease has 10% rent escalations every 5 years with two, 5-year renewal options and zero landlord responsibilities.  Schlotzsky’s benefits from freeway frontage at the super regional intersection of Loop 1604 and Highway 281, two of San Antonio’s largest thoroughfares with traffic counts in excess of 109,700 and 110,100 vehicles per day, respectively.    

Status


In Escrow

GLA


3,320 SF

Percent Leased


100% Leased

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