2207 Zarzamora StSan Antonio, TX 78207

Property Details for 2207 Zarzamora St

Year built

2014

Lot size

0.71 AC

Property size (Sq ft)

5,225 SF

Property type

Retail properties

Property subtype

Drug stores

APN

06314-003-0220

APU

63140030220

Description

This exceptional investment opportunity presents a 7,375 square foot mixed-use property in San Antonio, Texas, currently leased to Avita Pharmacy under a corporate-guaranteed Net Lease (NNN) agreement. The property, built in 2014, features a strong tenant with a proven track record of growth, evidenced by recent acquisitions expanding their national footprint. The lease, commencing February 16, 2023, and expiring February 15, 2028, offers a remaining term of approximately 3.2 years, with built-in rent bumps of 10% upon each lease extension. The property boasts a substantial Net Operating Income (NOI) of $117,600, yielding an attractive 7.84% cap rate. The NNN lease structure eliminates landlord responsibilities for taxes, insurance, and common area maintenance. Located at 2207 S Zarzamora St, San Antonio, TX 78207, this asset benefits from a strong demographic profile, with a 5-mile radius population exceeding 434,718 residents. The area shows consistent attraction to medical tenants, further solidifying the investment's potential. San Antonio's thriving healthcare sector, including significant ongoing expansions at major medical facilities, contributes to the long-term value and stability of this property. This fee-simple ownership offers a secure and lucrative investment opportunity in a rapidly growing market. The property is comprised of one building and is situated in Bexar County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,386,127

  6.5%

  $1,279,502

  7%

  $1,188,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,992,464

  Geo Method

  $2,992,464

• Alternative Use

  Use

  Valuation

  Residential

  $1,079,308

  Hospitality

  $988,640

  Educational

  $822,537

  Medical

  $850,825

  Retail

  $1,279,502

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.4013

Longitude

-98.531

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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