Bush's Chicken

3111 Thousand Oaks Drive, San Antonio, Texas 78247

$3,306,181

Cap Rate 5.50%

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Updated: 02.13.25 Posted: 11.14.24 Status: Inactive

Summary

Price $3,306,181	Built/Renov 2013	Tenant Bush's Chicken
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,432	Lease Start 05-25-2016	#Units 80
Price/SF $963.34	Expiration 06-30-2036	Tenant Type Fast Food/QSR
NOI $181,840	R. Term 10.9	Ownership Fee Simple
Rent/SF $52.98	Increases 10.0%/5/yrs	Pop 5Mi 250,159
Lot/AC 0.94	Options 4/5yrs/10%	AHHI 5Mi $98,549

Highlights

11+ years remaining on the current lease term with 4 (5-year) renewal options
The lease features 10% rental increases every 5 years
Absolute NNN lease | Zero landlord responsibilities
Additional Billboard income | The Billboard lease has 3.5 years of term remaining providing an additional revenue stream for the owner
Dual guarantees from Bush’s Chicken | Lease backed by both Bush’s Chicken corporate entity and a personal guarantee from the company’s Founder

Location Description

Bush’s Chicken is positioned in a high-traffic area of San Antonio, with over 30,000 vehicles passing daily. Situated near key economic drivers like Northeast Baptist Hospital and San Antonio International Airport, the property benefits from substantial daily traffic and a robust customer base. Nearby corporate offices and schools further support a steady flow of business, while the...

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Key Features

Near major nationals
Strategically located
Strong tenant synergy
Top 100 MSA
Strong demographics
Income tax free state
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Personal guarantee

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Links

Bush's Chicken Wikipedia Bush's Chicken Wikipedia San Antonio, Texas Zip Code 78247 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Bush's Chicken
Guarantor:Corporate
Company:Bush's Chicken, Inc.
# Units:80
Stock:Private

About Tenant

Bush’s Chicken was founded in 1996 by Keith and Charlene Bush on the outskirts of Waco, Texas, embodying the spirit of the "Heart of Texas." Originally launched as a single location, Bush’s...

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Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	14,316	87,350	244,270
2025 Total Population :	14,879	87,706	241,430
2025 Employed Civilian Pop :	7,800	48,849	134,587
2025 Total Businesses :	410	3,818	13,764
2025 Average Household Income :	$ 111,531	$ 105,009	$ 103,552
2025 Total Consumer Spending :	$ 586 M	$ 3394 M	$ 9178 M
2025 Median Age :	43	41	39
2025 Total Households :	6,141	37,457	102,213
2025 Pop Age 25+: Bachelor's Degree :	3,028	18,767	45,056
2025 Average Home Value :	$ 348,557	$ 330,546	$ 347,803

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Thousand Oaks Dr	Country Morning St	2010	29,380	0.16 mi
Morning Creek	Morning Trl	2013	304	0.32 mi
Shingle Oak Dr	Cork Tree Ct	2013	257	0.37 mi
Preston Hollow Dr	Preston Ct Dr	2003	982	0.37 mi
Shingle Oak Dr	Walmer St	2014	856	0.38 mi
Jones Maltsberger Rd	Thousand Oaks Dr	2003	8,115	0.39 mi
Jones Maltsberger Rd	Pebble Park	2014	12,451	0.40 mi
Preston Pass Dr	Preston Ct Dr	2003	651	0.41 mi
Little Leaf Dr	Shingle Oak Dr	2007	1,174	0.45 mi
Thousand Oaks Dr	Preston Hollow Dr	2014	18,114	0.46 mi

Listing Broker

Tyler McGarry

Sands Investment Group

Contact

12 Listings
3626 Views
2 Sold

Adam Scherr

Sands Investment Group

Contact

27 Listings
5823 Views
2 Sold

Tyler McGarry

I love to build and create new things, flesh out ideas, and strategize for the future. My goal is to affect meaningful change in the world on the largest scale possible. My experience working for Greenpeace taught me a great deal about big business' role the proliferation of climate change. I'm welcoming the challenge of joining the hundreds of companies and organizations that are willing to commit fully to making the planet a key stakeholder in all of their business operations.

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Adam Scherr

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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