Log In/Sign Up
Your email has been sent.
PNC (New 20-Year Ground Lease) 23234 US-281 2,961 SF Retail Building San Antonio, TX 78258 $4,081,594 CAD ($1,378.45 CAD/SF) 4.75% Cap Rate
Investment Highlights
- New 20-Year Ground Lease With 10 Percent Rent Increases Every Five Years
- Outparcel to Sam’s Club Generating 1.8 Million Annual Visits (Placer.ai)
- Adjacent to the 647,786-SF Village at Stone Oak Near Existing Multi-Family Housing and Planned Mixed-Use Development
- Excellent Frontage and Visibility Along US Highway 281 With Exposure to 107,570 VPD
- Affluent Stone Oak Trade Area — 154,083 Residents, $144,074 Average Household Income (Five-Mile Radius)
- New Construction Coming in 2026 Featuring Modern Prototype Design
Executive Summary
Offered for sale is a ground lease PNC Bank located in San Antonio, Texas. The property will be delivered as a ground-up, newly constructed facility built to PNC Bank’s current prototype specifications and is secured by a new 20-year ground lease featuring 10 percent rent increases every five years. The property is an outparcel to a Sam’s Club along US Highway 281 (107,570 VPD) within the affluent Stone Oak trade area. The surrounding trade area includes 154,083 residents and an average household income of $144,074 within a five-mile radius.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
2,961 SF
Construction Status
Proposed
Price
$4,081,594 CAD
Price Per SF
$1,378.45 CAD
Cap Rate
4.75%
NOI
$193,834 CAD
Tenancy
Single
Building Height
1 Story
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- PNC
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| PNC | - | - | - | - |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
PNC (New 20-Year Ground Lease) | 23234 US-281
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.