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33264355
33264356

23234 U.S. 281, San Antonio, TX 78259

RW
TX TX 622900
Marcus & Millichap - Dallas
JN
TX 842635
Marcus & Millichap - Dallas
VK
TX 0579633
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$2,948,000
3 days on market
Updated 2 days ago

PNC (New 20-Year Ground Lease)

Details
Property Type Retail
Sub Type Bank
Square Footage 2,961
Cap Rate 4.75%
NOI $140,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 04/30/2046
Remaining Term 20
Rent Bumps Yes
Lease Options Four, 5-Year
Year Built 2026
Acreage 1.120
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/10/2025
Ground Lease No

Outparcel to Sam’s Club | 107,570 VPD

Marketing description

New 20-Year Ground Lease With 10 Percent Rent Increases Every Five Years

Excellent Frontage and Visibility Along US Highway 281 With Exposure to 107,570 VPD

Outparcel to Sam’s Club Generating 1.8 Million Annual Visits (Placer.ai)

Affluent Stone Oak Trade Area — 154,083 Residents, $144,074 Average Household Income (Five-Mile Radius)

Adjacent to the 647,786-SF Village at Stone Oak Near Existing Multi-Family Housing and Planned Mixed-Use Development

New Construction Coming in 2026 Featuring Modern Prototype Design

Investment-Grade Tenant — PNC Bank (A; S&P) With Expanding Texas Presence

Austin–San Antonio Metro Population Projected to Grow by 3M+ by 2050

Investment highlights

Offered for sale is a ground lease PNC Bank located in San Antonio, Texas. The property will be delivered as a ground-up, newly constructed facility built to PNC Bank’s current prototype specifications and is secured by a new 20-year ground lease featuring 10 percent rent increases every five years. The property is an outparcel to a Sam’s Club along US Highway 281 (107,570 VPD) within the affluent Stone Oak trade area. The surrounding trade area includes 154,083 residents and an average household income of $144,074 within a five-mile radius.

Listing Contacts

RW
TX TX 622900
Marcus & Millichap - Dallas
JN
TX 842635
Marcus & Millichap - Dallas
VK
TX 0579633
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,000.04
$11,666.67/mo

Valuation Metrics

0
DSCR
4.75%
Cap Rate
4.75%
ROI

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Additional Information

Name
Ryan Wolf
License
TX 622900
Brokerage
Marcus & Millichap
Brokerage Phone
9727555207
Name
Jonathan Neve
License
842635
Brokerage
Marcus & Millichap
Brokerage Phone
9727555296
Brokerage Address
5001 Spring Valley Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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