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Red Lobster 100 N Interstate 35 5,719 SF Retail Building San Marcos, TX 78666 $7,182,520 CAD ($1,255.90 CAD/SF) 6.25% Cap Rate



Investment Highlights
- ABS NNN Lease: The property is under an absolute net (NNN) lease, with zero landlord responsibilities.
- Attractive 2% annual rental increases, ensuring consistent income growth over time.
- ±22.5 years remaining on the lease term backed by Red Lobster Corporate (560+ locations).
- he property boasts excellent visibility with traffic counts on S Guadalupe St exceeding ±27,000 vehicles per day (VPD) and close proximity to I-35
Executive Summary
Broker of Record
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,719 SF
Building Class
B
Year Built
1995
Price
$7,182,520 CAD
Price Per SF
$1,255.90 CAD
Cap Rate
6.25%
NOI
$448,908 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.44 AC
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R62405 | Improvements Assessment | $845,014 CAD |
| Land Assessment | $1,525,449 CAD | Total Assessment | $2,370,463 CAD |
Property Taxes
Parcel Number
R62405
Land Assessment
$1,525,449 CAD
Improvements Assessment
$845,014 CAD
Total Assessment
$2,370,463 CAD
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Red Lobster | 100 N Interstate 35
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