9314 Ryder DrSan Antonio, TX 78254

For Sale
$2,631,120

10,386 SF Medical Office, 7.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 10,386 square foot medical office building located at 9314 Ryder Drive, San Antonio, Texas 78254, in Bexar County. The property, built in 2001, sits on a 1.2-acre lot and is currently leased to Empower Behavioral Health, a multi-regional operator with 15 locations across Texas. The tenant occupies the entire building under a single, Fee Simple, NNN lease with seven years remaining, featuring 3% annual rent bumps and three and five-year lease options. The asking price is $2,631,120, representing a price per square foot of $353 and a compelling 7.50% capitalization rate based on a Net Operating Income (NOI) of $197,334. The property benefits from its location in a high-income area, with an average household income exceeding $104,864 within a one-mile radius. Empower Behavioral Health's recent merger with a private equity-backed operator further strengthens the investment's stability and potential for growth. The recession-resistant nature of the healthcare industry, coupled with the strong lease terms and inflationary-protected rent increases, makes this a highly attractive investment opportunity. San Antonio's position as the second-largest city in Texas and a major metropolitan statistical area (MSA) adds to the property's long-term value. This is a passive investment opportunity with minimal landlord responsibilities.

Highlights

  • $2,631,120 asking price for a 10,386 SF medical office building in San Antonio, TX.
  • 7.50% cap rate with a $197,334 NOI.
  • Fee simple ownership with a new seven-year NNN lease to Empower Behavioral Health, a multi-unit regional provider.
  • Lease includes 3% annual rent bumps and 3 and 5-year lease options.
  • Located in a high-income area ($104,864 average household income within 1 mile).
  • Property is in a recession-resistant industry (behavioral healthcare).

Property Details for 9314 Ryder Dr

Property type
Other office properties, Medical offices
Square Feet
10,386 SF
Year Built
2001
Lot Size (sq. ft)
52,272 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.530472
Longitude
-98.668441
9314 Ryder Dr, San Antonio, Texas

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9314 Ryder Dr
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