9175 Farm-To-Market RdConverse, TX 78109

This exceptional investment opportunity presents a fully occupied, multi-tenant retail property in Converse, Texas, boasting a brand-new 15-year absolute NNN master lease with six 5-year options. The property, totaling 11,442 square feet on a 2.05-acre lot, comprises three buildings constructed in 2023 and features a diverse tenant mix including Shell, a convenience store, an express car wash, a Burger King with a dual drive-thru, and a local Mexican restaurant with a drive-thru. Located near the Texas 1604 Loop exit ramp, this property benefits from high visibility and accessibility within the rapidly growing San Antonio MSA. The lease includes a 1.5% annual rent increase, even during option periods, and is backed by a high net-worth personal guaranty. The property generates a strong NOI of $480,000, resulting in a 6.12% cap rate. With zero landlord responsibilities (tenant covers all maintenance, taxes, and insurance), this asset is ideal for passive investors seeking a low-management, high-return investment. The surrounding area boasts a strong demographic profile, with nearly 220,000 residents within a 5-mile radius and an average household income nearing $100,000. This property offers significant long-term growth potential and stability due to its strategic location, diverse tenant base, and favorable lease terms. The asking price is $7,843,137.