Cap Rate: 6.50%
Total NOI: $178,200
Square Footage: 4,950
Year Built: 1983/2005
The Kase Group is pleased to present the rare opportunity to acquire a two tenant NNN property in Northwestern San Antonio. The property consists of two tenants including 7-Eleven and a local restaurant. Both Tenants personally guarantee their leases and are on long term leases with 10% increases every 5 years. 7-Eleven has a long operating history with strong sales at this location.
This is a strong hard corner signalized intersection location with over 35,000 cars per day. Northwest San Antonio is a strong market with a lot of growth and development. The catalyst for this growth is The University of Texas at San Antonio. 34,000 Students on 725 acres of land. The surrounding areas have been growing exponentially.