Bandera 410 Plaza Stabilized Investment 5630 Northwest Loop 410, San Antonio, TX Cap Rate 6% San Antonio (San Antonio, Texas, US ) Built

$2,492,533 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 11,882 sq. ft.
  • Development Level: Built
  • Lot Size: 1 acres
  • Year Built: 2014

Description

Bandera 410 Plaza Stabilized Investment 5630 Northwest Loop 410, San Antonio, TX Cap Rate 6%

Cap Rate: 6%
NOI: $149,551
Building Size: 11,882 sqft
Lot Area: 1 acres
Year Built: 1996
Price Per Sqft: $209.77
Year Last Renovated: 2014

Price: $2,492,533 USD


DESCRIPTION
Sands Investment Group is Pleased to Present Exclusively For Sale the Bandera 410 Plaza Located at 5630 NW 410 Loop in San Antonio, TX. The 100% Leased, 11,940 SF Asset Offers a Stabilized Investment Coupled With Rent Escalations During the Term and Ability to Convert to NNN Leases Upon Rollover Providing Upside. The Asset Benefits From Its Location at the Intersection of I-410 (217,519 VPD) and Bandera Road (57,972 VPD), as Well as Excellent Demographics With Over 144,000 People Living Within 3-Miles of the Property.

HIGHLIGHTS
• Center Provides a Diverse Mix of Tenancy, That Have All Performed Well Through COVID; Flex Build Outs With Three of the Units Offering Dock Doors Providing Enhanced
Marketability For Potential Future Tenants
• Lease Rollover Provides Investor Upside Potential Switching to Triple Net (NNN) Leases and Raising Rents
• All Four Tenants Have Annual Rent Increases With One Recent 3 Year Extension For Home Improvement Warehouse
• The Bexar County Area is Projected Population Growth of 54% By 2040 Adding Over 1 Million New Citizens to the County
• Situated Right Off of Interstate 410 Which Sees Over 217,500 Vehicles Per Day
• Located 3-Miles to University Hospital
• Nearby Tourist Attractions Include: SeaWorld (15 Minutes - Over 4.6 Million Visitors); San Antonio Zoo (15 Minutes - Over 1 Million Visitors); Six Flags Fiesta Texas (20 Minutes -
Over 1 Million Visitors)
• San Antonio, TX is the 7th Most Populous City in the U.S. With Over 1.5 Million Residents; It is Home to the Alamo, River Walk, Tower of the Americas, the Alamo Bowl and
Numerous Armed Forces Facilities
• Texas is a State Income Tax Free State
• Nearby Tenants Include: H-E-B, Best Buy, Bed Bath & Beyond, OfficeMax, Goodwill, Subway, Home Depot, Walmart Supercenter, Starbucks, Party City and More

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.