7900 Old Tezel RdSan Antonio, TX 78250

  • Specialty properties
  • 1,950 SF
For Sale
$6,878,474 View listing

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
7900 Old Tezel Rd, San Antonio, Texas

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,849
$250,760
$787,660
$1,038,420
-
$250,760
$787,660
$1,038,420

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