1922 Culebra Road
San Antonio, TX 78201
Price: $3,115,000Cap Rate: 6.35%NOI: $197,755Building SF: 7,205 SFLot Size: 30,579 SFYear Built: 2019Status: Available
Brand New Construction
- The developer recently completed construction of the brand-new multitenant retail building in 2019, benefiting a new investor with zero deferred maintenance and transferable warranties (i.e.: roof warranty).
New Long-Term Leases
- 10-year primary lease terms with fixed increases for 3 of 4 tenants.
- All the leases commence in 2019 providing nearly full, long term passive income.
- All leases are at market rents providing additional security to any owner.
100% Occupancy – Diverse Tenant Mix
- An investor will benefit from the full occupancy of the newly developed building and diverse tenant mix.
High Traffic Counts
- 43,091 cars per day at the signalized intersection of Bandara Road and NW 24th
Strong Local and Regional Operators
- Solid tenant lineup composed of proven local and regional operators with multiple successful locations throughout San Antonio MSA.
Densely Populated Trade Area
- The subject property benefits from its location in Northwest San Antonio surrounded by the densely populated trade area with 384,982 people in the 5-mile radius.