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3111 Thousand Oaks Drive, San Antonio, Texas , 78247
  • Size SF 3,432
  • Built/Renov2013
  • Price/SF$963
  • Lease Start05-25-2016
  • Rent/SF$52.98
  • Lease Type Abs NNN
  • Lot/AC0.94
  • Pop 5MI250,159

3,306,181

  • Cap Rate 5.50%
  • NOI $181,840
  • R. Term/Yrs 11.6
  • Guarantor Corporate
  • # Units 80
  • 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

  • ...
  • 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
  • Tenant Bush's Chicken
  • Guarantor Corporate
  • #Units 80
  • Stock Private

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 Chicken began franchising in 2005 and has since expanded to 80 locations across Texas. As a privately owned company under Bush’s Chicken, Inc., the chain is known for its uniquely marinated fried chicken and Southern-style menu, which includes fried okra, fries, mashed potatoes, corn nuggets, jalapeño poppers, yeast rolls, and macaroni and cheese, along with their popular sweet and unsweetened iced tea sold by the gallon. The Bush family emphasized a welcoming, family-friendly atmosphere, making their restaurants comfortable places for gatherings. Keith Bush also pioneered a streamlined drive-thru service, allowing employees to take orders directly from vehicles in multiple lanes, aiming to create the quickest service in town. With headquarters in Waco, Texas, Bush’s Chicken reports annual revenues between $40-50 million, reflecting its strong footprint and loyal customer base throughout the Lone Star State.

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