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Bubba's 33 (TX Roadhouse Inc.) Corp GL 2368 Military Dr 9,352 SF Retail Building San Antonio, TX 78223 $4,301,170 CAD ($459.92 CAD/SF) 5.15% Cap Rate



Investment Highlights
- Prime location surrounded by a plethora of national retailers and restaurants that create demand in one of San Antonio’s most active locations.
- Exceptional visibility along SE Military Drive, which carries approximately 24,635 cars per day, and Interstate 37, with roughly 76,151 cars per day.
- NNN ground lease with over 12 years remaining on the primary lease, plus options, providing any investor with passive long-term income.
- Upside potential with the building reverting to the landlord at the term's end, with the ability to convert ground rent to land and building rent.
Executive Summary
Discover 2368 Military Drive, a newly constructed restaurant offering a long-term absolute NNN ground lease with over 12 years remaining on the primary term by Bubba’s 33, a subsidiary of Texas Roadhouse, averaging weekly sales around $163,000. The building totals approximately 9,352 square feet and was built in 2023 on a large 94,656-square-foot lot, providing excellent site coverage, strong curb appeal, and long-term functionality for a national tenant. The building is equipped with air conditioning, a dedicated turn lane, and monument, pylon, and prominent on-site signage, all designed to support high-volume restaurant operations. Multiple extension options and a 10% rent increase every five years provide investors with built-in income growth and long-term inflation protection.
Bubba’s 33 offers seamless access to Interstate 37 for commuters and customers, with Downtown San Antonio approximately 7 miles away. The site benefits from exceptional visibility with exposure to over 76,000 vehicles daily. 2368 Military Drive is ideally positioned near the Brooks Corner Shopping Center, co-anchored by Target, The Home Depot, and H-E-B, with additional junior anchors such as Ross Stores, Petco, Burlington, and Boot Barn. Proximity to a Walmart-anchored center with Sam’s Club and Best Buy and a dense concentration of national restaurant and retail tenants such as Chick-fil-A, Whataburger, Starbucks, IHOP, and 7 Brew Coffee creates a powerful retail and dining corridor that consistently drives consumer traffic.
The surrounding area is home to approximately 225,334 residents within a 5-mile radius. The median age of 36.3 aligns well with Bubba’s 33’s target customer base, and the area is projected to experience an annual population growth rate of approximately 3.84 % between 2025 and 2030, reinforcing long-term consumer demand and tenant sustainability. 2368 Military Drive presents a secure investment backed by a best-in-class restaurant in one of San Antonio’s most active locations.
Bubba’s 33 offers seamless access to Interstate 37 for commuters and customers, with Downtown San Antonio approximately 7 miles away. The site benefits from exceptional visibility with exposure to over 76,000 vehicles daily. 2368 Military Drive is ideally positioned near the Brooks Corner Shopping Center, co-anchored by Target, The Home Depot, and H-E-B, with additional junior anchors such as Ross Stores, Petco, Burlington, and Boot Barn. Proximity to a Walmart-anchored center with Sam’s Club and Best Buy and a dense concentration of national restaurant and retail tenants such as Chick-fil-A, Whataburger, Starbucks, IHOP, and 7 Brew Coffee creates a powerful retail and dining corridor that consistently drives consumer traffic.
The surrounding area is home to approximately 225,334 residents within a 5-mile radius. The median age of 36.3 aligns well with Bubba’s 33’s target customer base, and the area is projected to experience an annual population growth rate of approximately 3.84 % between 2025 and 2030, reinforcing long-term consumer demand and tenant sustainability. 2368 Military Drive presents a secure investment backed by a best-in-class restaurant in one of San Antonio’s most active locations.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
9,352 SF
Year Built
2023
Price
$4,301,170 CAD
Price Per SF
$459.92 CAD
Cap Rate
5.15%
NOI
$221,638 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
- $23.69 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 | $23.69 CAD | Triple Net | Jul 2038 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2025 Population
8,675
93,933
225,334
356,020
2030 Population
9,219
98,812
238,639
401,400
2025-2030 Projected Population Growth
6.3%
5.2%
5.9%
12.7%
Median Age
34.1
36.5
36.5
36.0
College Degree + Higher
12%
10%
11%
8%
Daytime Employees
4,299
25,666
58,768
156,582
Total Businesses
328
2,625
6,371
15,140
Average Household Income
$57,232
$64,119
$67,710
$58,742
Median Household Income
$42,774
$51,334
$53,688
$43,881
Total Consumer Spending
$67.8M
$811.2M
$2B
$3B
2025 Households
3,378
33,369
78,715
123,965
Average Home Value
$164,476
$193,386
$208,849
$176,065
$ values in USD
Nearby Major Retailers
1 of 12
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Bubba's 33 (TX Roadhouse Inc.) Corp GL | 2368 Military Dr
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