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Bubba's 33 (TX Roadhouse Inc.) Corp GL 2368 Military Dr 9,352 SF Retail Building San Antonio, TX 78223 $4,210,690 CAD ($450.24 CAD/SF) 5.15% Cap Rate

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Investment Highlights

  • LONG TERM ABSOLUTE NNN GROUND LEASE
  • HIGH TRAFFIC COUNTS - 24,635 CPD
  • PROJECTED 3.84% ANNUAL POPULATION GROWTH
  • STRONG CORPORATE PUBLICLY TRADED GUARANTOR
  • ADJACENT TO MAJOR RETAIL SHOPPING CENTER
  • DENSELY POPULATED – 200K+ PEOPLE IN 5-MILE RADIUS

Executive Summary

CORPORATELY GUARANTEED LEASE
• Texas Roadhouse had an impressive AUV of $8MM+ in FY2024 with a reported 8.5% increase in same stores’ growth
• Corporate signature backed by 780+ across 49 states
• First opened in 1993, over 30 years of successful operations
LONG TERM ABSOLUTE NNN LEASE
• With over 12 years remaining on the primary lease term, plus options, this provides any investor with passive long-term income
• Completely passive NNN investment – ZERO landlord responsibilities
• Attractive 10% increases every 5 years in the Primary and Option Terms
STRONG PUBLICLY TRADED TENANT – TEXAS ROADHOUSE INC (NASDAQ: TXRH)
• Revenue: $5.09 billion (2025)
• Net Income: $390 million (2025)
• Assets: $2.91 billion
• Employees: 91,000
ATTRACTIVE GROUND LEASE STRUCTURE
• Attractive ground lease structure providing incredible security to any investor with tenant’s significant investment into the building and improvements
• Upside upon building and improvements reverting to Landlord upon expiration of the Lease – ability to convert ground rent to land and building rent
IDEALLY LOCATED NEAR BROOKS CORNER SHOPPING CENTER
• Subject property is located adjacent to a major regional shopping center co-anchored by Target, Home Depot, and HEB. Jr anchors include Ross, Petco, Burlington and Boot Barn.
STRONG TRAFFIC ALONG MAJOR RETAIL THOROUGHFARE
• Ideally located along SE Military Drive, a major retail thoroughfare through San Antonio
• High Traffic:
o SE Military Drive – 24,635 CPD
o Interstate 37 – 76,151 CPD
DENSELY POPULATED TRADE AREA WITH EXCEPTIONAL DEMOGRAPHICS
• 204,728 people in a 5-mile radius
• 74,459 households in a 5-mile radius
• 2025 median age of 36.3, ideal for a Bubbas 33
• Projected 3.84% annual growth rate between 2025 to 2030
MAJOR RETAIL TRADE AREA SURROUNDED BY SEVERAL NATIONAL TENANTS
• Located just one block from a Walmart anchored center including Sam’s Club and Best Buy.
• Several national tenants in the trade area including Chick fil A, Whataburger, Starbucks, IHOP, 7 Brew Coffee , Starbucks and several others.
ACCESS TO MAJOR INTERSTATE 37 AND DOWNTOWN SAN ANTONIO
• Subject property is located just over 1 mile from Interstate 37 providing tremendous access to commuters
• Downtown San Antonio is just 7 miles from the subject property

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Building Size
9,352 SF
Year Built
2023
Price
$4,210,690 CAD
Price Per SF
$450.24 CAD
Cap Rate
5.15%
NOI
$216,976 CAD
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
Zoning
Commercial

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Signage
  • Monument Signage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Texas Roadhouse Inc.
  • Accommodation and Food Services
  • 9,352 SF
  • $23.19 CAD
  • Triple Net
  • Jul 2038
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Texas Roadhouse Inc. Accommodation and Food Services 9,352 SF $23.19 CAD Triple Net Jul 2038

Nearby Major Retailers

Amegy Bank
Mcalister's Deli
Pluckers
7 Brew
Texas Roadhouse
Black Bear Diner
Outback Steakhouse
Salad and Go
BJ's Restaurant & Brewhouse
Cheddar's Scratch Kitchen
  • Listing ID: 39341342

  • Date on Market: 2026-02-05

  • Last Updated:

  • Address: 2368 Military Dr, San Antonio, TX 78223

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