122 Moursund BlvdSan Antonio, TX 78221

For Sale
$1,883,777

High-yield, 10-year lease; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple ownership of a newly constructed (2024), 10,500 square foot retail property in San Antonio, Texas. The property is situated on a 1.34-acre lot at 122 Moursund Blvd, 78221, and is currently 100% occupied by a triple-net (NN+) lease with Dollar General, Dollar Tree, and Family Dollar. The lease commenced February 6th, 2025, and extends for a 10-year term, expiring February 28th, 2035, with five, 5-year renewal options, each including a $5,250 rent increase ($0.50 per square foot). The lease is corporately guaranteed by Dollar Tree Store, Inc., providing significant credit strength and security. The property boasts a strong net operating income (NOI) of $127,155, resulting in a 6.75% cap rate. The location benefits from a substantial population base, with 146,616 residents within a 5-mile radius and 539,346 within 10 miles. Projected population growth within the next 5 years is estimated at 6.86%. Average household income in the area is $128,515 annually. Daily traffic counts on nearby Pleasanton Rd. exceed 118,540 vehicles. The property includes a 20-year transferable roof warranty. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and significant upside potential.

Highlights

  • $1,883,777 asking price for a 10,500 SF retail property in San Antonio, TX.
  • Net lease investment with a credit-rated, corporate-guaranteed tenant (Dollar Tree, Dollar General, Family Dollar).
  • 10-year lease commencing February 6, 2025, with five 5-year renewal options, each including a $5,250 rent increase.
  • 6.75% cap rate based on a $127,155 Net Operating Income (NOI).
  • 100% occupancy in a new (2024) single-story building on a 1.34-acre lot.

Property Details for 122 Moursund Blvd

Property type
Other retail properties, Restaurants
Square Feet
10,500 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
58,370 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.336426085325
Longitude
-98.503884908801
122 Moursund Blvd, San Antonio, Texas

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122 Moursund Blvd
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