For Sale
$3,500,000

310 Nacogdoches Rd San Antonio, TX 78217

CareVet-anchored, NNN lease, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional Class A, 10,348 square foot medical office building, located at 310 Nacogdoches Rd, San Antonio, TX 78217, presents a compelling investment opportunity. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $209,880. Anchored by CareVet, a reputable veterinary practice management group, the building features a multi-tenant configuration with a corporate guarantee lease providing financial stability. The current lease extends to December 30, 2038, with built-in rent bumps of 10% every five years, ensuring consistent income growth. Built in 2006 and extensively renovated in 2023, the property is situated on a 2.1-acre lot zoned for Community Commercial use, offering significant potential for future development or expansion. The location is highly desirable, situated along a major traffic corridor with excellent visibility and accessibility, benefiting from daily traffic counts exceeding 28,000 vehicles. Its proximity to I-410, numerous corporate headquarters, business parks, and a large residential population ensures consistent demand. The property's recession-resistant nature, coupled with the strong growth of San Antonio, makes this a secure and lucrative investment. The additional 1+ acre parcel provides further upside potential for future development. This investment is ideally positioned for long-term success in a thriving market.

Highlights

  • NNN-leased, two-tenant strip center anchored by a recently renovated CareVet with a new 15-year lease.
  • High-traffic location on a major San Antonio corridor with over 28,000 vehicles daily, excellent visibility at a signalized intersection, and I-410 proximity.
  • Strong daytime employment base near corporate HQs, business parks, and industrial facilities.
  • Recession-resistant investment in healthcare real estate.
  • 2.1-acre site with expansion potential and favorable community commercial zoning; includes a separately parceled 1-acre lot.
  • Located in a densely populated area of San Antonio, the 7th largest and 2nd fastest-growing city in the US, with over 280,000 residents within a 5-mile radius.

Property Details for 310 Nacogdoches Rd

Property type
Office properties, Medical offices
Square Feet
10,348 SF
Class
A
Year Built/Renovated
2006/2023
Lot Size (sq. ft)
91,476 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.5259395
Longitude
-98.4389463

FAQs

What type of property is this?
Office property - CareVet-anchored, NNN lease, high ROI.
Where is the office property located?
The property is located at 310 Nacogdoches Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: NNN-leased, two-tenant strip center anchored by a recently renovated CareVet with a new 15-year lease.; High-traffic location on a major San Antonio corridor with over 28,000 vehicles daily, excellent visibility at a signalized intersection, and I-410 proximity.; Strong daytime employment base near corporate HQs, business parks, and industrial facilities.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
310 Nacogdoches Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message