9600 Datapoint DrSan Antonio, TX 78229

For Sale
$6,475,000

High-yield, NNN-leased medical office building.

Overview

Added:
Dec 11, 2024
Days on market:
97
Exceptional San Antonio investment opportunity: A 21,025 sq ft, Class B medical office building portfolio, featuring two single-story buildings on a 1.954-acre lot in Bexar County, TX. This sale-leaseback transaction offers a 15-year absolute NNN lease with a corporate guarantee, 2% annual rent increases, and two 5-year renewal options. The property boasts 114 parking spaces and is ideally situated near IH-10 and Wurzbach Drive. Built in 1970 with renovations in 2004 and 2009, the property currently enjoys 100% occupancy and generates a strong NOI of $453,000, representing a 7.00% cap rate. The asking price is $6,475,000 ($307.97/sq ft). The lease commenced October 1, 2024, and expires September 30, 2039. The property is zoned O-2. The tenant is Pathology Reference Laboratory, a long-standing San Antonio business.

Highlights

  • Absolute NNN lease with no landlord responsibilities.
  • Prime location, two blocks from IH-10 and Wurzbach Drive in San Antonio.
  • Stable, long-term tenant (Pathology Reference Laboratory) with a 15-year lease.
  • 2% annual rent increases.
  • 15-year initial lease term, plus two 5-year renewal options.
  • Corporate guarantee provided.

Property Details for 9600 Datapoint Dr

Property type
Other office properties, Medical offices
Square Feet
21,025 SF
Class
B
Year Built
1970
Buildings
2
Stories
1
Lot Size (sq. ft)
85,116 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.526613
Longitude
-98.563737
9600 Datapoint Dr, San Antonio, Texas

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9600 Datapoint Dr
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