122 StSan Antonio, TX 78228

Property Details for 122 St

Year built

2023

Lot size

2.93 AC

Property size (Sq ft)

15,003 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional 15,003 square foot retail property in San Antonio, Texas, presents a compelling investment opportunity. Built in 2023, the property boasts a new, 10-year net lease (NN+) to Humana, a Fortune 500 company, with built-in rent increases. The single-tenant building houses a Conviva Care Center and is strategically located near the intersection of St. Cloud Road and State Highway Spur 421/Bandera Road, benefiting from a combined daily traffic count exceeding 37,000 vehicles. Its prime location within a thriving retail corridor, alongside established businesses like Walmart, McDonald's, and Wells Fargo, ensures high visibility and accessibility. The property's proximity to major transportation arteries, Interstates 10 and 410, further enhances its appeal. The 2.93-acre lot offers ample parking and multiple access points. The property's strong tenant, robust community, and favorable market conditions, including a five-mile population of 355,410 and proximity to Downtown San Antonio, contribute to a compelling 6.00% cap rate and a Net Operating Income (NOI) of $390,000. This is a 1031 exchange-eligible property, offering significant advantages for investors. The asking price is $6,500,000. The lease commenced July 1, 2023, and expires June 30, 2033. This investment offers a secure, high-return opportunity in a rapidly growing market.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.4551

Longitude

-98.5501

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