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16308 San Pedro Ave

7,800 SF Retail Building San Antonio, TX 78232 £4,068,740 (£522/SF) 5.77% Net Initial Yield

Investment Highlights

  • High traffic area in North San Antonio
  • Several major retailers nearby
  • Newer building on 1.09 acres
  • Excellent location along HWY 281 at Thousand Oaks Dr Exit.

Executive Summary

Great investment opportunity in San Antonio - newer building (2018) on 1.09 acres. Absolute NNN lease, 15 years, 5.77% CAP, $300,000.00 base with 2% annual increases and options to renew. Long term tenant with strong financial statements. Premier 1 Auto Care, is one of the fastest growing auto repair & services in the area with shops 2 & 3 set to open in Q4 of 2023

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,800 SF
Building Class
B
Year Built
2018
Price
£4,068,740
Price Per SF
£522
Net Initial Yield
5.77%
NOI
£234,735
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Lot Size
1.09 AC
Zoning
Commerical- B - District B: General business with a SUP (Special Use Permit) issued by the City of Hollywood Park
Parking
35 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
297 ft on San Pedro Ave

Amenities

  • Corner Lot
  • Signage
  • Air Conditioning

Nearby Major Retailers

Frost Bank
StorageMart
First Watch
Saltgrass Steak House
Texas Roadhouse
Starbucks
Gold's Gym
PNC Bank
Chili's Grill & Bar
WW

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04991-300-0090
Land Assessment
£481,379
Improvements Assessment
£673,345
Total Assessment
£1,154,724
  • Listing ID: 29359709

  • Date on Market: 24/08/2023

  • Last Updated:

  • Address: 16308 San Pedro Ave, San Antonio, TX 78232

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