4447 Fredericksburg Road
San Antonio 78201
Long Term Occupancy – 27+ Years of Successful Operations
- ACE Cash Express has successfully been operating at this location since 1993, over 27 years ago.
- Tenant has exercised all its options, the latest was a 10-year option exercised on 12/7/2018.
Recent Remodel Including New Roof
- Upon exercising its last option, Landlord agreed to invest approximately $75,000 in remodeling the subject property including a new roof, fencing, painting, parking lot repairs, sealing and striping and landscaping.
- ACE Cash Express, Inc. is one of the largest owners and operators of check cashing store in the United States.
- ACE was founded in 1968 and serves customers in 24 states with over 950 locations.
Low Price Point – Multiple Long-Term Investment Options
- Based on the low acquisition value, an investor has multiple long-term options for the subject property at the expiration of the lease term. Potential redevelopment or new long-term lease with ACE Cash Express, Inc.
Passive NNN Investment With ZERO Landlord Responsibilities
- Ideal management-free investment opportunity – absolutely no landlord obligations, including roof and structure. True absolute NNN lease
Ideally Located Adjacent to Wonderland of the Americas – a 733k SF Regional Shopping Center
- Wonderland of America is anchored by Super Target, Burlington, Hobby Lobby and SteinMart.
- The regional shopping center consists of over 85 retail shops and restaurants.
High Traffic Along Major Thoroughfare Near Two Interstate Freeways
- The subject property is ideally located along the heavily trafficked Fredericksburg Road with 29,000 CPD
- Access to two major highways, Interstate 410 (228,000 CPD) and Interstate 10 (218,000 CPD)
Attractive Demographics – Densely Populated Trade Area:
- The subject property benefits from the huge number of nearby rooftops with 159,197 people in the 3-mile radius and 402,922 in the 5-mile radius.
- Attractive demos for ACE with $57,569 average household incomes in the 5-mile radius.
Strong Investment Fundamentals – Attractive Increases
- Low rent and attractive price point under $1m.
- Attractive 14.87% increase in 2 years.
- Solid underlying real estate in major retail corridor with corporate tenant guarantor backing the NNN lease.
- Ideal 1031 exchange property