US-281, San Antonio
Price:
$2700000
Cap Rate:
5.00%
NOI:
$135,000
Building Size:
Approx. 3060 Sq. Ft.
Lot Size:
Approx. 0.55 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2016
Investment Overview
- 2016 Construction | 3,060+/- SF Building on .55+/- Acre Site
- New 15-Yr, Corp NNN Lease w/ 10% Rent Bumps Every 5-Yrs
- Located along E Bitters Rd (33,000 VPD) & Highway 281 (187,000 VPD)
- Target Outparcel | Near Home Depot, Sam’s Club, Walgreens, Starbucks
- Area Attractions: Alamo | River Walk | AT&T Center | Six Flags Fiesta TX
- Local Economic Impact: Defense ($5.25 billion) | Tourism ($10.7 billion)
- Valero Energy Corp and Tesoro Petroleum are Fortune Global 500 HQ in San Antonio
- 5-Mile Radius: 2015 Estimated Pop: 250,792 l 1-Mile Average HH Income: $87,165
- San Antonio – New Braunfels MSA: 3rd Largest MSA in TX | Population: 2,194,927