Stripes Ground Lease
925 Fredericksburg Road
San Antonio, TX 78201
Price: SUBMIT OFFERCap Rate: SUBMIT OFFERNOI: $120,000Building SF: 5,093 SFLot Size: 86,553 SFYear Built: 2016Status: Available
Investment Highlights:
Brand New Long Term, Absolute NNN Ground Lease
- The rent commenced on January 15, 2015 with a 20-year Primary Lease Term providing an investor approximately 18.5 years of passive income with options to extend thereafter
Corporately Guaranteed Lease by Global, Publicly Traded Company
- The lease is guaranteed by Energy Transfer Partners, LP, a publicly traded company (NYSE: ETP)
- Energy Transfer Partners operates one of the largest and most diversified portfolios of energy assets in the United States.
- Energy Transfer Partners, LP, did over $34 billion in revenues in 2015 and has a $20 billion net worthRare Southern California Beach Community Investment
- Ideally located among a number of national restaurants and retailers. Located just 6 blocks from the beach, the property benefits from high pedestrian traffic throughout the year.
Brand New Long Term, Absolute NNN Ground Lease
- The rent commenced on January 15, 2015 with a 20-year Primary Lease Term providing an investor approximately 18.5 years of passive income with options to extend thereafter
Well Located Along Interstate 10 With High Traffic Counts
- The subject property is located directly off of Interstate 10 with great visibility and access
- The property benefits from its highway location with high traffic counts of over 22,000 cars per day along Fredericksburg and over 200,000 along Interstate 10
- Excellent access to the on and off of the interstate supporting this gas station and convenience store location
Attractive Ground Lease Structure For Passive Investor
- The landlord-friendly lease is absolute NNN, Stripes pays all of the expenses including roof and structure providing an investor with an attractive, passive investment.
- Stripes is constructing their building and improvements at their expense providing additional security to an owner
Densely Populated Trade Area With Strong Demographics
- Located just 3 miles from downtown San Antonio
- Over 400,000 people within a 5-mile radius