2301 Pat Booker RdUniversal City, TX 78148
- Turn key restaurants
- 7,745 SF
Property Details for 2301 Pat Booker Rd
- Year built
- 1995
- Lot size
- 1.35 AC
- Property size (Sq ft)
- 7,745 SF
- Property type
- Turn key restaurants
- APN
- 05047-951-0030
- APU
- 50479510030
Description
This exceptional investment opportunity presents a 7,745 square foot, 100% occupied, Golden Corral restaurant in Universal City, Texas. Located on a 1.35-acre lot at 2301 Pat Booker Rd, this property boasts a 20-year absolute NNN lease with a 7.00% cap rate and $256,000 annual NOI. The lease includes 10% rent bumps every five years and three five-year options. The tenant, Golden Corral, recently completed a $600,000 renovation. This prime location within the San Antonio MSA benefits from high visibility, easy highway access (I-35 and Loop 1604), and proximity to Randolph Air Force Base and numerous other retailers. The strong demographic profile within a 5-mile radius, featuring over 220,000 residents and an average household income of nearly $100,000, further enhances the investment's appeal. Built in 1995 and renovated in 2025, this property offers a secure, long-term investment with significant upside potential. The asking price is $3,657,143.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,488,644
- 6.5%
- $2,297,210
- 7%
- $2,133,124
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,435,720
- Geo Method
- $4,435,720
-
Alternative Use
- Use
- Valuation
- Residential
- $1,937,783
- Hospitality
- $1,774,998
- Educational
- $1,476,778
- Medical
- $1,527,566
- Retail
- $2,297,210
Location Insight
- City
- Universal City
- County
- Bexar
- State
- Texas
- Latitude
- 29.5546
- Longitude
- -98.3149
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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