1739 Loop 410San Antonio, TX 78227

For Sale
$4,522,128

San Antonio, TX: NNN Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fee-simple, 36,295 square foot Big Lots convenience and grocery store in San Antonio, Texas. Located at 1739 SW Loop 410, Bexar County, zip code 78227 (29.4148496, -98.6513786), this property boasts a 20-year absolute NNN lease with a corporate guarantee from Big Lots, Inc. (NYSE: BIG). The lease features a 2% annual rent increase, ensuring consistent income growth. The current asking price is $4,522,128, representing a price per square foot of $124.59 and a 6.25% cap rate. The property generates a strong net operating income (NOI) of $282,633, with 100% occupancy. The substantial 99,982 square foot lot offers potential for future value-add opportunities, such as pad development, subject to tenant approval. The property is offered as a 1031 exchange opportunity and is free and clear of financing. This investment benefits from a strong tenant with a proven track record, a favorable lease structure, and a prime location within a high-income demographic area. The average population within three miles exceeds 144,000, with an average household income nearing $86,100. Within five miles, the population surpasses 333,000, and the average household income exceeds $93,000. This property represents a compelling investment opportunity with significant long-term potential.

Highlights

  • Fee-simple ownership of a 36,295 square foot Big Lots store in San Antonio, TX.
  • 20-year absolute NNN lease with corporate guarantee from Big Lots, Inc. (NYSE: BIG), including a 2% annual rent increase.
  • $4,522,128 asking price, representing a $124.59/SF price and a 6.25% cap rate.
  • Strong NOI of $282,633 with 100% occupancy.
  • 99,982 square foot lot with potential for future pad development (subject to tenant approval).
  • Offered as a 1031 exchange opportunity, free and clear of financing.

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.4148496
Longitude
-98.6513786
1739 Loop 410, San Antonio, Texas

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1739 Loop 410
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