24hr Prestige ER | 6yrs Remain w/ Incrses | 738 W Loop 1604 N
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24hr Prestige ER | 6yrs Remain w/ Incrses 738 W Loop 1604 N
6,631 SF Office Building San Antonio, TX 78251 $4,729,000 ($713/SF) 7.25% Cap Rate
Investment Highlights
- Approximately 6 Years Remaining | Scheduled Rental Increases | 24- Hour Emergency Room
- Located Along Major Thoroughfare | Excellent Visibility | 24-Hour Walmart Supercenter
- Dense Retail Corridor | Strong National/Credit Tenants
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- CHRISTUS Santa Rosa Hospital (386 Beds) | SeaWorld San Antonio
- Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, personal guaranteed, freestanding, investment property located in San Antonio, Texas. The tenant, Prestige Emergency Room - Potranco, LLC, has approximately 6 years remaining on their 10-year lease with 1 (5-year) option to extend. The lease features 10% rental increases in 2025 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. Prestige Emergency Room is a 24-hour full-service emergency room designed to provide immediate emergency care at all three of their locations, as well as provide transportation to area hospitals when more extensive treatments are required.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
6,631 SF
Building Class
B
Year Built
2015
Price
$4,729,000
Price Per SF
$713
Cap Rate
7.25%
NOI
$342,823
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,631 SF
Building FAR
0.10
Land Acres
1.55 AC
Zoning
C-3 - Commercial - Service Business
Parking
40 Spaces (6.03 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Prestige ER
- Health Care and Social Assistance
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Prestige ER | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 19400-069-0120 | Improvements Assessment | $1,422,150 |
| Land Assessment | $1,341,200 | Total Assessment | $2,763,350 |
PROPERTY TAXES
Parcel Number
19400-069-0120
Land Assessment
$1,341,200
Improvements Assessment
$1,422,150
Total Assessment
$2,763,350
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Power Broker Patrick Luther -
Brad Gibbs -
Power Broker Matthew Mousavi -
SRS National Net Lease
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24hr Prestige ER | 6yrs Remain w/ Incrses | 738 W Loop 1604 N
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