1739 SW Loop 410
San Antonio, TX 78227
Big Lots · Retail Property For Sale
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INVESTMENT HIGHLIGHTS
- PREMIER TENANT - Big Lots, Inc (NYSE: BIG) is one of the world’s leading discount retail providers.
- FAVORABLE RENEWAL TERMS & ATTRACTIVE NOI GROWTH - Renewal options will vary by state.
- FREE & CLEAR OF FINANCING - The Properties will be transferred free and clear of debt.
- OPTIMAL NET-LEASE STRUCTURE - The Properties feature twenty (20)-year individual absolute net-leases.
- STRONG REAL ESTATE FUNDAMENTALS - Characteristically situated amid retail corridors or within robust industrial hubs.
- The properties are leased below market rents with annual rents of $10.00 PSF average for Retail Store Properties.
EXECUTIVE SUMMARY
20-Year Absolute NNN Lease with 2% Annual Increases
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
31,600 SF
Building Class
C
Year Built/Renovated
1985/1995
Price
$4,522,128
Price Per SF
$143
Cap Rate
6.25%
NOI
$282,633
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
2.30 AC
Parking
98 Spaces (2.7 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Signage
PROPERTY TAXES
Parcel Number | 17302-037-0066 | Improvements Assessment | $1,347,920 |
Land Assessment | $602,080 | Total Assessment | $1,950,000 |