The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant absolute NNN leased Valero convenience store, gas station, and carwash in San Antonio, TX. Operated by a growing franchisee, the operator will have 22 gas stations and QSRs by the end of 2025 and aims to have 30 units by the end of 2026. The 20-year lease will commence upon the close of escrow and comprises 2% annual rent increases, two 5-year option periods, and no landlord responsibilities, providing a passive investor with long-term cash flows.
The 1,080 SF C-store, with four MFDs and a tunnel car wash on a 0.98-acre parcel, is located on a hard-corner signalized intersection along Nacogdoches Road with traffic counts exceeding 31,700 VPD and excellent visibility and ingress/egress. Nearby retailers include H-E-B, Walgreens, CVS Pharmacy, Chase Bank, AutoZone, O’Reilly Auto Parts, McDonald’s, Whataburger, Jack in the Box, Taco Bell, and more.
This is an excellent opportunity to purchase an absolute NNN sale-leaseback Valero gas station in San Antonio with a 20-year term, 10 years in options, annual rent increases, and no landlord responsibilities, providing effortless income for years to come.