Schlotzsky's

Schlotzsky’s is a 3,688 square foot absolute net single tenant drive-thru retail asset located across from H-E-B Grocery in the affluent submarket of New Braunfels, Texas. Schlotzsky’s signed an absolute net lease with 15+ years of term remaining and zero landlord responsibilities. The lease features 10% rent escalations every 5 years with two, 5-year renewal options.  Refreshed in 2022, the Property is conveniently positioned on 1.01 acres near the intersection of Highway 46 and Independence Drive, across the street from H-E-B Grocery with a highly visible monument sign fronting Independence Drive.  The lease commenced in September 2018 and is signed by Albert Restaurant Group, LLC, the largest Schlotzsky’s franchisee in the world with more than 20+ locations across Texas.  The Property benefits from favorable demographics with average household incomes exceeding $152,800, $122,600 & $112,900 in a 1, 3 & 5 mile radii, respectively.