Deco Pizzeria Sale Leaseback
1815 Fredericksburg Road
San Antonio, TX 78201
Price: $1,384,615Cap Rate: 6.50%NOI: $90,000Building SF: ~2,907 SFLot Size: 0.21 ACYear Built: 1960/2020Status: Available
INVESTMENT HIGHLIGHTS:
$300,000 Complete Exterior Remodel Underway:
- New HVAC, new TPO roof, outside bar conversion, front door replacement, outdoor furniture, landscaping, electrical work/updating, demo and re-pouring patio, tile patio, other exterior tile work, new metal awning (attaches to building), lighting, new stage, wrought iron fencing, repaint building, and food truck parking space on patio.
New Long Term Absolute NNN Lease At Closing:
- Deco Pizzeria will sign a brand new 10-year absolute NNN lease at the close of escrow.
- Zero landlord obligations creating a passive, management-free investment.
Successful Operating History and Strong Community Support:
- Deco Pizzeria has successfully been operating at this location for over 15 years and has strong community ties and client base in the area.
- Upon completion of the $300,000 remodel, we expect tremendous support and increase in sales from expanded and remodeled patio and newly incorporated food truck parking space, also on the patio.
High Traffic Along Major Thoroughfare Near Interstate 10:
- The subject property is ideally located along Fredericksburg Road with traffic counts of 24,199 CPD and proximity to Interstate 10 which has over 200,000 CPD.
Solid Infill Real Estate:
- Just 3.7 miles to Downtown San Antonio
- Wonderland of America, a 1.1m SF regional shopping center, is located just north of the property.
Densely Populated Trade Area:
- The subject property benefits from the huge number of nearby rooftops with 183,000 people in the 3-mile radius and over 450,000 in the 5-mile radius.