For Sale
$1,500,000

2207 Zarzamora StSan Antonio, TX 78207

7,375 SF, 7.84% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 7,375 square foot mixed-use property in San Antonio, Texas, currently leased to Avita Pharmacy under a corporate-guaranteed Net Lease (NNN) agreement. The property, built in 2014, features a strong tenant with a proven track record of growth, evidenced by recent acquisitions expanding their national footprint. The lease, commencing February 16, 2023, and expiring February 15, 2028, offers a remaining term of approximately 3.2 years, with built-in rent bumps of 10% upon each lease extension. The property boasts a substantial Net Operating Income (NOI) of $117,600, yielding an attractive 7.84% cap rate. The NNN lease structure eliminates landlord responsibilities for taxes, insurance, and common area maintenance. Located at 2207 S Zarzamora St, San Antonio, TX 78207, this asset benefits from a strong demographic profile, with a 5-mile radius population exceeding 434,718 residents. The area shows consistent attraction to medical tenants, further solidifying the investment's potential. San Antonio's thriving healthcare sector, including significant ongoing expansions at major medical facilities, contributes to the long-term value and stability of this property. This fee-simple ownership offers a secure and lucrative investment opportunity in a rapidly growing market. The property is comprised of one building and is situated in Bexar County.

Highlights

  • Absolute NNN lease with corporate and personal guarantees from Avita Care Solutions and Aguirre Medical Group.
  • Avita Care Solutions, the tenant, is expanding nationally, recently acquiring multiple pharmacies including the previous occupant of this location.
  • Strong demographics: 434,718 population within a 5-mile radius, with nearby complementary businesses and a history of medical tenant occupancy.
  • Zero landlord responsibilities; tenant pays all taxes, insurance, and CAM, with 10% rent increases on lease extensions.
  • San Antonio's healthcare sector is experiencing significant growth, including major expansions at Palo Alto Hospital, UT Health San Antonio, and Children's Hospital of San Antonio.

Property Details for 2207 Zarzamora St

Property type
Retail properties, Office properties
Square Feet
7,375 SF
Year Built
2014
Buildings
1

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.4012643
Longitude
-98.5308187
2207 Zarzamora St, San Antonio, Texas

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2207 Zarzamora St
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