
Newport Center
1401 S New Braunfels Avenue
San Antonio, TX 78210
Price: $1,924,000Cap Rate: 7.00%NOI: $134,688Building SF: 5,612 SFLot Size: 22,521 SFYear Built: 1960/2020Status: Available
INVESTMENT HIGHLIGHTS:
New Long Term NNN Master Lease At Closing
- Seller to sign ONE long-term absolute NNN Master Lease at closing creating a single tenant investment for buyer – zero management and reconciliations between tenants.
- Structure creates a passive, single tenant absolute NNN investment.
$1,211,000 Complete Interior and Exterior Redevelopment
- Completely remodeled building inside and out. Capital expenditures included a new roof, new HVAC’s, new electrical service and new parking lot, etc.
Strong Local Tenants With Multiple Locations
- Deco Pizzeria and Laundry Rey’s are well known tenants and each have multiple locations throughout San Antonio.
Signalized Intersection Along Major Thoroughfare Near Interstate 10
- The subject property is ideally located at a signalized intersection along S. New Braunfels Avenue, just blocks off Interstate 10 where traffic counts exceed 91,000 cars per day.
Solid Infill Real Estate Near Downtown & AT&T Arena
- Just 3 miles to Downtown San Antonio
- AT&T Arena, home of the San Antonio Spurs, is located 2.4 miles from the subject property.
Densely Populated Trade Area:
- The subject property benefits from the huge number of nearby rooftops with 118,798 people in the 3-mile radius and over 318,868 in the 5-mile radius.
- Built in customer base surrounding the property.