Two Tenant Starbucks Center 1935 SW Military, San Antonio, TX Cap Rate 5.75% San Antonio (San Antonio, Texas, US ) Built

$4,285,000 USD
Dollars

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  • Type: Commercial
  • Style: Commercial
  • Size: 4,885 sq. ft.
  • Development Level: Built
  • Lot Size: 0.694 acres

Description

Two Tenant Starbucks Center 1935 SW Military, San Antonio, TX Cap Rate 5.75%

DESCRIPTION

Citadel Realty is pleased to exclusively offer a two tenant retail NNN investment, anchored by a Starbucks drive-thru. The co-tenant is America's Best Contacts & Eyeglasses. Both tenants are on long term leases. In addition, the previous tenant to America's Best Contacts & Eyeglasses, San Antonio National Bank is still under obligation to pay rent until 2024 (see Financial Projection).

Moreover, the site is located at strong signalized intersection of SW Military Dr and Interstate 35.
This offering provides the investor with the stability of an income stream from two nationally recognized tenants.

San Antonio is the second-largest city in Texas and serves as an economic and cultural gateway to the American Southwest. It was the fifth-fastest growing city in the nation from 2007-2008. Its metropolitan area has a population of 2,031,445 based on the 2008 U.S. Census estimate, making it the 28th-largest metropolitan area in the U.S and third-largest in Texas.
Several major freeways service the city, including Interstates I-10, I-35, I-37, and I- 410; U.S. Routes 87, 90, and 281; and Texas State Highways 16 and 151.
Located northwest of the city center is the South Texas Medical Center, which is a conglomerate of various hospitals, clinics, and research and higher educational institutions.
San Antonio is home to five Fortune 500 companies: Valero Energy Corp, Tesoro Petroleum Corp, Clear Channel Communications, USAA, and NuStar Energy.
The property is located along Interstate 35, the state’s primary north/south freeway. I-35 stretches from Laredo on the Texas-Mexico border all the way to Minneapolis.
Adjacent to the site is South Park Mall, a 789,465 square foot indoor mall featuring 90 specialty retail stores and restaurants. The mall is anchored by Macy’s, JC Penney, Sears and Bealls.
Area tenants include Sam’s Club, HEB Plus, Target, Best Buy, Home Depot, Office Depot, Ashley Furniture, Toys R US, Ross, Dollar Tree, Chase Bank, Panda Express, Burger King, Long John Silvers, McDonalds and many more national and regional tenants.

HIGHLIGHTS

• Double Net Lease | Roof and Structure.
• Starbucks Recently Executed a 10 Year Lease Extension
• Starbucks Equipped with Drive Thru - No Early Termination
• America's Best Lease Guaranteed By National Vision, Inc (NYSE:EYE) with over 1,000 locations and $1.5 Billion in Assets
• Solid Signalized Intersection on SW Military Drive, With Traffic Counts Exceeds 45,571 VPD+/-
• Traffic Counts Exceeding 110,000 Vehicles Per Day on Interstate-35
• 5 Mile Population Surrounding Investment Property Exceeds 264,421

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.

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Information is deemed to be correct but not guaranteed.