6918 Camp Bullis RdSan Antonio, TX 78256

For Sale
$15,140,000

15-Year NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 18,433 square foot Class A medical office building in San Antonio, Texas. Located at 6918 Camp Bullis Rd, this fee-simple property boasts a 100% occupancy rate with a single tenant under an absolute NNN lease, providing significant passive income. The lease commenced June 1, 2021, and extends to December 31, 2039, with a remaining term of 15.1 years. The tenant, a highly specialized cancer reference laboratory, occupies the entire building, which was built-to-suit in 2021. The lease includes attractive 3% annual rent increases, ensuring consistent growth in cash flow. The property features a 7.00% cap rate and a sale price of $15,140,000 ($821.35/sq ft). Situated on a 2.27-acre lot, the three-story building is conveniently located near I-10, offering excellent accessibility. The surrounding area demonstrates strong demographics, with average household incomes exceeding $144,000 within a three-mile radius. The tenant is backed by a corporate guarantee. Lease options for renewal are available for terms of 2-5 years under the same terms. This property is an ideal investment for those seeking a stable, high-return asset in a rapidly growing market. The property's strong tenant, long-term lease, and favorable location make it a compelling investment opportunity. The building houses state-of-the-art equipment and employs 50 people across various high-tech life science functions.

Highlights

  • $15,140,000 asking price for a highly specialized medical office building with a 15-year absolute NNN lease and 3% annual rent increases.
  • Located in the rapidly growing San Antonio MSA, population 2.5M+.
  • Excellent demographics, with average household incomes exceeding $144,000 within a 3-mile radius.
  • Strong market fundamentals: Average asking rent for US life science/lab properties exceeded $70/SF NNN in Q4 2023.
  • 7.00% cap rate; built-to-suit in 2021.

Property Details for 6918 Camp Bullis Rd

Property type
Other office properties, Medical offices
Square Feet
18,433 SF
Class
A
Year Built
2021
Stories
3
Lot Size (sq. ft)
98,881 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.6141051
Longitude
-98.618488
6918 Camp Bullis Rd, San Antonio, Texas

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6918 Camp Bullis Rd
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