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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.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.