9175 Farm-To-Market RdConverse, TX 78109

Property Details for 9175 Farm-To-Market Rd

Year built

2023

Lot size

2.05 AC

Property size (Sq ft)

11,442 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fully occupied, multi-tenant retail property in Converse, Texas, a rapidly growing city within the San Antonio MSA. The property boasts a brand-new, 15-year absolute NNN master lease with zero landlord responsibilities, featuring five tenants including a Burger King and Shell gas station. The lease includes a 1.5% annual rent increase, extending through six five-year option periods, and is secured by a high net-worth personal guaranty. The diverse tenant mix, encompassing a convenience store, express car wash, and a local Mexican restaurant, ensures consistent revenue streams. Situated on a 2.05-acre lot, the 11,442 square foot property comprises three buildings and benefits from a strategic location near the Texas 1604 Loop exit ramp, a major thoroughfare with high daily traffic volume. The property's proximity to Randolph Air Force Base and a strong concentration of national retailers further enhances its appeal. The current Net Operating Income (NOI) stands at $504,000, representing a 6.50% cap rate on the $7,753,846 asking price. This low-management, high-return investment is ideal for out-of-state investors seeking a secure and profitable asset in a thriving market. The property's strong tenant base, long-term lease, and favorable location combine to create a compelling investment proposition with significant long-term growth potential. The property is located at 9175 Farm-To-Market Rd 78, Converse, TX 78109. Built in 2023, this property offers a unique opportunity to acquire a stable and high-performing retail investment.

Location Insight

City

Converse

County

Bexar

State

Texas

Latitude

29.5148

Longitude

-98.3087

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