7900 Old Tezel RdSan Antonio, TX 78250
- Specialty properties
- 1,950 SF
Property Details for 7900 Old Tezel Rd
- Year built
- 2001
- Lot size
- 2.62 AC
- Property size (Sq ft)
- 1,950 SF
- Property type
- Specialty properties
- Property subtype
- Day care centers & nurseries
- APN
- 18308-001-0040
- APU
- 183080010040
Description
This exceptional investment opportunity presents a fee-simple, 12,214 square foot, dual-building daycare center in San Antonio, Texas, operating as "The Nest Schools." The property, built in 2007 and extensively renovated in 2024, sits on a 2.19-acre lot and boasts 100% occupancy under a corporate, absolute NNN lease with 13.8 years remaining. The lease features 2.5% annual rent bumps and 10% increases every five years, providing significant long-term growth potential. The tenant, The Nest Schools, is a rapidly expanding national chain with over 50 existing locations and plans for significant future growth. Over $3 million in tenant improvements were recently completed, including a new 7,872 square foot expansion building and a new playground. The property enjoys a prime location near major retailers like Walmart and CVS, within a densely populated area with an average household income exceeding $114,000 within a one-mile radius and a population exceeding 327,000 within five miles. The property's strong financials include a 6.75% cap rate and a net operating income (NOI) of $464,297. The asking price is $6,878,474, representing a price per square foot of $563.16. Lease options for 4 and 5 years are available. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market. The property benefits from its proximity to six elementary schools within a two-mile radius, further solidifying its strategic location and consistent demand. The property is located at 7900 Old Tezel Rd, San Antonio, TX 78250.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $354,309
- 6.5%
- $327,054
- 7%
- $303,693
-
Comparable approach
- Method
- Valuation
- Relative Method
- $509,653
- Geo Method
- $509,653
-
Alternative Use
- Use
- Valuation
- Residential
- $414,882
- Hospitality
- $380,030
- Educational
- $316,181
- Medical
- $327,054
- Retail
- $491,836
Location Insight
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Latitude
- 29.5152
- Longitude
- -98.6606
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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