For Sale
$6,317,000

4455 Horizon Hill Blvd San Antonio, TX 78229

San Antonio retail property, strong NOI.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional fee-simple retail property, located at 4455 Horizon Hill Blvd, San Antonio, Texas 78229, presents a compelling investment opportunity. The 29,556 square foot building, constructed in 1997 and extensively renovated in 2023, boasts a modified lease with a remaining term of approximately 3.6 years. The current asking price is $6,317,000, representing a compelling price per square foot of $213.73 and an attractive 8.25% cap rate. The property generates a substantial net operating income (NOI) of $521,186. Situated on a 2.61-acre lot, the property includes 50 parking spaces. The lease is guaranteed by the U.S. Government (S&P Aa+ credit rating), providing exceptional security. Recent tenant improvements totaling $1.45 million were completed in October 2023. The tenant is responsible for janitorial services, landscaping, and utilities. This property benefits from its location in San Antonio, a city with a significant veteran population. The lease commenced on April 30, 2017, and expires on April 29, 2027. This is a rare opportunity to acquire a stable, high-performing retail asset with a strong tenant and significant upside potential.

Highlights

  • US Government-guaranteed lease (S&P Aa+ credit rating).
  • $1.45M in tenant improvements completed October 2023.
  • Tenant responsible for janitorial, landscaping, and utilities.
  • 3.6-year lease remaining.
  • San Antonio's significant veteran population.

Property Details for 4455 Horizon Hill Blvd

Property type
Retail properties
Square Feet
29,556 SF
Year Built/Renovated
1997/2023
Lot Size (sq. ft)
113,692 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.5172946
Longitude
-98.5566081

FAQs

What type of property is this?
Retail property - San Antonio retail property, strong NOI.
Where is the retail property located?
The property is located at 4455 Horizon Hill Blvd San Antonio, TX.
What is the asking price?
The asking price for this property is $6,317,000.
What are key features of this property?
This property features: US Government-guaranteed lease (S&P Aa+ credit rating).; $1.45M in tenant improvements completed October 2023.; Tenant responsible for janitorial, landscaping, and utilities.
How can I contact the broker?
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4455 Horizon Hill Blvd
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