Fred Loya Insurance Two Tenant Investment 406 & 426 Enrique M. Barrera Parkway, San Antonio, TX san antonio (San Antonio, Texas, US ) Built

$1,070,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,630 sq. ft.
  • Development Level: Built
  • Lot Size: 0.91 acres
  • Year Built: 1979

Description

Fred Loya Insurance Two Tenant Investment 406 & 426 Enrique M. Barrera Parkway, San Antonio, TX Cap Rate 5.5%

Cap Rate: 5.5%
Combined Building Size: 2,630 sqft
Lot Area: 0.9134 acres
Year Built: 1979

Price: $1,070,000 USD

DESCRIPTION
INVESTMENT HIGHLIGHTS
• Tenants:
-Fred Loya Insurance: Corporate lease, $975m annual revenue (per Dun & Bradstreet)
-China Express (with drive-thru): 7 year NNN lease with 17% rent increase in year 6. Lease is personally guaranteed. Tenant is experienced restauranteur.
• Significant improvements to the property this year including LED Lighting and a new roof with a 15 yr warranty on China Express
• Over 145,000 population within 3 miles and more than 378,000 population within 5 miles. And a daytime population of over 300,000 within 5 miles.
• Less than 3 miles to Port San Antonio and Joint Base San Antonio.
-Joint Base San Antonio: Over 73k jobs generating almost $13B in after tax income
-Port San Antonio: Houses more than 80 organizations employing over 14,000, generating over $5.2B in annual economic activity in the region

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.