8014 Bandera RdSan Antonio, TX 78250

For Sale
$3,070,000

High-yield, NNN-leased Chase Bank

Overview

Added:
Dec 11, 2024
Days on market:
93
This investment opportunity presents a 4,290 square foot, single-tenant Chase Bank building situated on a 1.22-acre lot in San Antonio, Texas. The property is an outparcel to a Walmart, located on the established Bandera Road corridor, boasting high visibility and traffic counts (51,319 vehicles per day). The absolute NNN ground lease features a corporate guarantee from Chase Bank, providing significant security. The lease commenced May 19, 2008, and expires June 30, 2028, leaving approximately 3.6 years remaining. Rent increases by 10% every five years, ensuring consistent income growth. The property's strong financials include a 6.50% cap rate and a net operating income (NOI) of $199,650, with a price per square foot of $57.77. The asking price is $3,070,000. The building was constructed in 2008 and benefits from ample parking and multiple access points. The location is within a five-mile radius of over 366,188 residents and 425,791 employees, indicating a robust and growing market. Four, five-year lease options are available, providing long-term stability and potential for future value appreciation. This is an exceptional opportunity to acquire a well-located, high-performing net lease investment with a strong tenant and significant upside potential.

Highlights

  • Ground lease with 3.8 years remaining.
  • Outparcel to a Walmart Supercenter.
  • Prime retail location on Bandera Road in Northwest San Antonio (51,319 vehicles per day).
  • 1.22-acre parcel with ample parking and multiple access points.
  • Strong demographics: Over 366,000 residents and 426,000 employees within a 5-mile radius.

Property Details for 8014 Bandera Rd

Property type
Other retail properties, Individual retail properties
Square Feet
4,290 SF
Year Built
2008
Lot Size (sq. ft)
53,143 SF
Units
1

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.516677742074
Longitude
-98.634757123145
8014 Bandera Rd, San Antonio, Texas

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8014 Bandera Rd
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