6610 Blanco RdSan Antonio, TX 78216

For Sale
$2,854,103

NNN Lease, High-Traffic Location, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 2,285-square-foot retail property currently leased to PNC Bank, a tenant rated "A-" by S&P, under a net lease agreement. The lease, originally commencing January 1, 2008, has a remaining term of approximately 3.1 years, with a 5-year option to renew at fair market value. The property boasts a strategic location on a signalized hard corner intersection along Blanco Road (35,213 vehicles per day), within a quarter-mile of Northwest Interstate 410 (over 270,000 vehicles per day). Situated on a 0.78-acre lot, this single-tenant building includes a drive-thru and benefits from high visibility and accessibility. The property is part of the Park North Shopping Center, enjoying strong retail synergy with nearby establishments such as Target, World Market, and numerous restaurants. The asking price is $2,854,103, representing a price per square foot of $1,249.06 and a cap rate of 5.85%. The current Net Operating Income (NOI) is $166,965. The property's strong location, investment-grade tenant, and remaining lease term make this a compelling investment opportunity in the thriving San Antonio, Texas market. The surrounding area boasts a significant population (over 309,426 residents within a 5-mile radius) and high average household income (over $91,822 within a 5-mile radius). This property is located at 6610 Blanco Rd, San Antonio, TX 78216.

Highlights

  • Investment-grade tenant: PNC Bank (S&P rating A-), with $44.33B market cap.
  • 4.3 years remaining on the lease, plus one 5-year option at fair market value.
  • High-visibility location: signalized hard corner on Blanco Road (35,213 VPD), 0.25 miles from NW I-410 (270,000+ VPD).
  • Strong retail synergy: Park North Shopping Center, near Target, World Market, and numerous restaurants.
  • Exceptional demographics: Over 309,426 residents and $91,822+ average household income within a 5-mile radius.

Property Details for 6610 Blanco Rd

Property type
Other retail properties, Individual retail properties
Square Feet
2,285 SF
Lot Size (sq. ft)
33,977 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.5164066
Longitude
-98.5064366
6610 Blanco Rd, San Antonio, Texas

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6610 Blanco Rd
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