9175 Farm-To-Market RdConverse, TX 78109

For Sale
$7,843,137

High-Yield NNN Lease, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Property Details for 9175 Farm-To-Market Rd

Property type
Other retail properties, Restaurants
Square Feet
11,442 SF
Year Built
2023
Buildings
3
Lot Size (sq. ft)
89,298 SF
Units
5

Location Insight

City
Converse
County
Bexar
State
Texas
Latitude
29.51458395
Longitude
-98.30829259
9175 Farm-To-Market Rd, Converse, Texas

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9175 Farm-To-Market Rd
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