Tenant: Taco Cabana Premises: 3,749 SF Renewal Options: 4 x 5 Years
Lease Expiration: 11/30/36 Lease Type: Absolute NNN Rental Increases: 10% Every 5 Years
100% Occupied Single Tenant Absolute Triple Net (NNN)
New 20 Year Lease
Four (5) Year Renewal Options
10% Rent Increase Every 5 Years
Brand New Construction
Outstanding Location Along Austin Highway with Over 27,000 VPD
High Barrier to Entry Within San Antonio’s Premiere Alamo Heights Neighborhood
Adjacent to Terrell Plaza Featuring Over 240,000 SF of Premier Retail
Directly Adjacent to Target
Walking Distance of Nearly 1,000 Apartment Units and 5 Hotels
Population of 270,000 Within a 5-Mile Radius
Select Neighboring Tenants Include: Target, Gold’s Gym, Whataburger, Rack Room Shoes, Ross Dress For Less, PETCO and Pets Supplies Plus
In Cooperation with Sands Investment Group Austin, LLC – Lic# 9004706
Founded in San Antonio, Texas in 1978, Taco Cabana specializes in Mexican-inspired food made fresh by hand – tacos, quesadillas, flautas, enchiladas, rice, beans, and a selection of made-from-scratch salsas offered on our complimentary salsa bar. Flour tortillas are pressed and grilled from fresh dough balls in view of the guests while fajitas are grilled over an open flame. Taco Cabana offers a selection of beer and tequila margaritas, patio dining, and a convenient drive-thru.
October 2, 2016, there are 164 company-owned Taco Cabana restaurants, and 7 franchised Taco Cabana restaurants in the U.S.
Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) owns, operates and franchises the Pollo Tropical and Taco Cabana restaurant brands. As of October 2, 2016, in addition to the 171 Taco Cabana restaurants, it had 181 company-owned Pollo Tropical restaurants and 34 franchised Pollo Tropical restaurants in the U.S., Puerto Rico, the Bahamas, Guatemala, Honduras, Panama, Trinidad & Tobago, and Venezuela.
The company was incorporated in 2011 and is headquartered in Addison, Texas. The brands specialize in the operation of fast-casual, ethnic restaurants that offer distinct flavors with broad appeal at a compelling value. Both brands feature made-from-scratch cooking, fresh salsa bars, drive-thru service and catering. In 2015 total revenues for the company were $687.4 million and the company had a net worth of $244 million.