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Pre-K 4 SA - San Antonio TX 1235 Historic Old Hwy 90 W hwy 50,000 SF Retail Building San Antonio, TX 78227 $20,951,854 CAD ($419.04 CAD/SF) 6% Cap Rate
Investment Highlights
- City of San Antonio Backed Tenant (S&P: AAA) | Option To Extend | Scheduled Rental Increase
- Crosstowne Mercado | Dense Retail Corridor
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Lackland Air Force Base | High Growth Region
- Dense Demographics In 5-mile Trade Area
Executive Summary
• Pre-K 4 SA is an early education system founded and run by the city of San Antonio and its partner school districts
• 3+ years remaining with 1 (8-year) option to extend
• The lease features a 12% rental increase at the beginning of the option period
• The tenant has operated at this location since 2013 and has already exercised one option period, demonstrating the tenant’s commitment to the site
• 3+ years remaining with 1 (8-year) option to extend
• The lease features a 12% rental increase at the beginning of the option period
• The tenant has operated at this location since 2013 and has already exercised one option period, demonstrating the tenant’s commitment to the site
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
50,000 SF
Building Class
C
Year Built
2014
Price
$20,951,854 CAD
Price Per SF
$419.04 CAD
Cap Rate
6%
NOI
$1,257,111 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
5.43 AC
Zoning
C-3NA - Commercial District, Nonalcoholic Sales
Parking
250 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 11379-006-0230 | Improvements Assessment | $13,070,608 CAD |
| Land Assessment | $1,134,914 CAD | Total Assessment | $14,205,522 CAD |
Property Taxes
Parcel Number
11379-006-0230
Land Assessment
$1,134,914 CAD
Improvements Assessment
$13,070,608 CAD
Total Assessment
$14,205,522 CAD
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Pre-K 4 SA - San Antonio TX | 1235 Historic Old Hwy 90 W hwy
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