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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



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
• 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
Property Type
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 |
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Bubba's 33 (TX Roadhouse Inc.) Corp GL | 2368 Military Dr
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