210 Bitters RdSan Antonio, TX 78216

For Sale
$2,100,000

High-performing Starbucks, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity features a Starbucks located at 210 W Bitters Rd, San Antonio, TX 78216. The property is a 2,869 square foot, Class A, single-tenant net lease investment with a credit-rated corporate guarantee from Starbucks. The lease, commencing August 1, 2016, has a remaining term of approximately 2.2 years with 4x5-year renewal options. The property boasts a strong NOI of $130,683 and a 6.22% cap rate. The building, renovated in 2021, sits on a 0.6-acre lot zoned C-3 Commercial District and includes a drive-thru. This prime location is in a high-traffic area, within a national retailer corridor, and enjoys convenient access to Highway 281 and proximity to San Antonio International Airport. The site consistently ranks in the top 79th percentile nationally and top 75th percentile in Texas for average monthly visitors compared to other Starbucks locations. Rent bumps are included in the lease. The asking price is $2,100,000, resulting in a price per square foot of $731.96. This is a rare opportunity to acquire a well-performing, investment-grade property with a proven track record and significant upside potential. The property's strong tenant, location, and lease terms make it an attractive addition to any investment portfolio.

Highlights

  • Investment-grade Starbucks tenant (S&P: BBB+).
  • High-performing location: Top 79th percentile nationally and top 75th percentile in Texas for average monthly visitors.
  • Proven tenant commitment; previously extended lease early.
  • National retailer corridor with numerous national tenants.
  • Convenient Highway 281 access and proximity to San Antonio International Airport.
  • Drive-thru location.

Property Details for 210 Bitters Rd

Property type
Other retail properties, Individual retail properties
Square Feet
2,869 SF
Class
A
Year Renovated
2021
Lot Size (sq. ft)
26,136 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.566811427985
Longitude
-98.485120287017
210 Bitters Rd, San Antonio, Texas

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210 Bitters Rd
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