Costa Oil Corp GL
SWC of La Cima & Glen Ridge Dr
San Antonio, TX 78258
Price: $994,000Cap Rate: 5.50%NOI: $54,660Building SF: 700 SF (2 Buildings)Lot Size: 22,240 SFYear Built: 2022Status: Available
New Long Term Absolute NNN Ground Lease & Recent Lease Extension:
- Costa Oil signed a brand-new lease that will commence approximately in 2023, providing a buyer 20 full years of term (plus options).
- Mucho Ice has been successfully operating at this location since 2015.
- Mucho Ice recently exercised their first 5-year option in 2020 showing their continued commitment to this site.
- Zero landlord obligations creating a passive, management-free investment.
Walmart Supercenter, Home Depot and Sam’s Club Centers:
- Tenants benefits from their location adjacent to a Walmart Supercenter, Home Depot and Sam’s Club anchored shopping centers.
- The subject properties are pads in a historically successful PetSmart and adjacent to the regional Cinemark movie theater.
- Other national retailers include Party City, Wendy’s, Cavender’s, Golden Corral, Chili’s, Conn’s and a number of others.
Highway Visibility along Heavily Trafficked Interstate 410:
- The subject property is ideally located along Interstate 410 with nearly 200,000 cars per day.
Ideal Location Near San Antonio Medical Center:
- The subject properties are located just south of San Antonio’s medical district – a major trade area generator boosting daytime population and consumer traffic in the area.
Successful and Growing Local Operators:
- Costa Oil and Mucho Ice are successful local operators with multiple sites and have strategic plans to add several new units.
Densely Populated Trade Area:
- There are a significant number of surrounding rooftops with 378,531 people and 146,905 households in the 5-mile radius.