For Sale
$1,427,440

24870 Blanco RdSan Antonio, TX 78260

7-Year NNN Lease, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 5,098 square foot medical office building in San Antonio, Texas. Located at 24870 Blanco Road, 78260, this single-tenant property boasts a strong 7.50% cap rate and a fresh seven-year net lease with Empower Behavioral Health, a multi-regional operator with 15 locations across Texas. The lease features a desirable 3% annual rent increase, providing inflation protection and significant cash flow growth. Built in 2009, the building sits on a 0.55-acre lot and is currently 100% occupied, generating a net operating income (NOI) of $107,058. The asking price is $1,427,440, translating to $280 per square foot. The tenant, Empower Behavioral Health, is a well-established provider of ABA and autism therapy services, operating within a high-income area with an average household income exceeding $146,785 within a one-mile radius. The lease structure is NNN, minimizing landlord responsibilities and offering a passive investment opportunity. Lease options include 3 and 5-year extensions. This property represents a compelling investment in a recession-resistant sector with significant growth potential within the rapidly expanding ABA therapy market. The property's location in San Antonio, the second-largest city in Texas, further enhances its appeal. The tenant's recent merger with a private equity-backed operator strengthens its financial stability and long-term prospects. This is a rare opportunity to acquire a high-performing, stable investment in a thriving healthcare market.

Highlights

  • $1,427,440 asking price for a 5,098 SF medical office building in San Antonio, TX.
  • 7.50% cap rate with a $107,058 NOI.
  • Net lease (NNN) with a single tenant, Empower Behavioral Health, on a 7-year lease with 3% annual rent bumps.
  • 100% occupancy.
  • $280 per square foot price.
  • 0.55-acre lot size, built in 2009.

Property Details for 24870 Blanco Rd

Property type
Retail properties, Office properties
Square Feet
5,098 SF
Year Built
2009
Lot Size (sq. ft)
23,958 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.6730717
Longitude
-98.5220645
24870 Blanco Rd, San Antonio, Texas

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24870 Blanco Rd
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