Listed by SRS Real Estate Partners Tampa
$15,400,000
Pre-K 4 SA - San Antonio TX
Details
APN 11379-006-0230
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 50,000
Cap Rate 6%
NOI $924,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 8
Lease Expiration 07/31/2029
Remaining Term 3.2
Rent Bumps Yes
Lease Options 1 (8-Year)
Broker Co-Op Yes
Year Built 2014
Buildings 1
Stories 1
Acreage 5.470
Zoning C-3NA: Commercial District, Nonalcoholic Sales
Parking Spaces 250 spaces
Parking Per SqFt 5.00
Investment Type Net Lease
Lease Commencement 08/01/2021
Ownership Fee Simple
Retail | 6.00% CAP | 50,000 SqFt
Investment highlights
City of San Antonio Backed Tenant (S&P: AAA) | Option To Extend | Scheduled Rental Increase
NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
Crosstowne Mercado | Dense Retail Corridor
Lackland Air Force Base | High Growth Region
Signalized, Hard Corner Intersection | Excellent Visibility & Access
Dense Demographics In 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$924,000.00
$77,000.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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