Dave & Buster’s

440 Crossroads Blvd - San Antonio TX 78201

LTV (Loan to Value)	65.00%	Current NOI	$678,000.00
Interest Rate	4.250%	Capital Rate	6.750%
Fixed Term	10 Years	Land Area	+/- 4.686 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$6,528,888.60	Property Type	Retail
Payment	$35,369.48	Property Lease	Entertainment
Bulding Size	0 SF	Remaining Terms	10.5 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a property 100% leased to Dave & Buster's in San Antonio, Texas. San Antonio is currently the seventh most populous city in the United States and the second most populous city in Texas. The subject property has great visibility in a dense retail corridor as it sits in between two major interstates, Interstate 10 (222,478 VPD) and Interstate Loop 410 (193,000 VPD). Nearby national tenants include Walmart, Super Target, H-E-B, McDonald's, Starbucks and more. Dave & Buster's is operating under a NNN lease with zero landlord responsibilities with over 11 years remaining on the lease (tenant recently executed an extension). The lease features rental increases as well as two (2), five (5) year renewal options.

Highlights

Strong Tenant - The Property is 100% leased to Dave & Buster's Entertainment, Inc., a unique tenant that features a…

Property Description

San Antonio is a city in and the county seat of Bexar County in the state of Texas. It is currently the seventh most populous city in the United States and the second most populous city in Texas. It was the fastest growing of the top 10 largest cities in the U.S. from 2000-2010, and the second fastest from 1990-2000. Population in 2010 was 1,327,407 which represented a 16% increase from 2000 and continued a trend of growth every decade since record-keeping began. Further, San Antonio is the center of the San Antonio-New Braunfels Metropolitan Statistical Area. In 2013, this MSA had a population of over 2.27 million, making it the 25th largest MSA in the United States. San Antonio has a diversified economy with an estimated metropolitan GDP of $96.8 billion, ranking 4th among Texas metropolitan areas and 38th in the United States. The economy is focused primarily within military, health care, government civil service, financial services, oil and gas and tourism sectors. Six Fortune 500 companies call the city home (Valero Energy Corporation, Tesoro Corporation, USAA, CST Brands, NuStar Energy and Clear Channel), as does H-E-B, the 14th largest private company in the country. Further, the South Texas Medical Center is in San Antonio and is the only medical research and care provider in the South Texas region. Other companies with headquarters or major regional operations in San Antonio include Nationwide Mutual Insurance Company, Kohl's, Allstate, Chase Bank, Philips, Wells Fargo, Toyota, Meditronic, Sysco, Caterpillar, AT&T, West Corp, CitiGroup, Boeing, QVC, Lockheed Martin, Carenet Healthcare Services, Eye Care Centers of America and Whataburger. The military in San Antonio is also a large employer with over 89,000 service members and civilians involved in U.S. armed forces operations at Fort Sam Houston, Lackland Air Force Base, Randolph Air Force Base, Kelly Field Annex, Camp Bullis and Camp Stanley. The defense industry provides a $5.25 billion impact to the city's economy. San Antonio may be most known for the Alamo, a historical site that serves as the highlight of its tourism industry. An estimated 26 million tourists per year visit the city, and the industry employs over 94,000 and generates over $10.7 billion annually. Other major destinations and events include the River Walk, the Tower of the Americas, the Alamo Bowl, SeaWorld, Six Flags, the San Antonio Spurs and the annual San Antonio Stock Show & Rodeo.