2310 SW Military Dr - Storefront CONDO FOR SALE


San Antonio, TX 78224- South Park
$8,750,000 USD
949-698-1105
2310 SW Military Dr, San Antonio, TX for Sale
$8,750,000 USD
Storefront CONDO - FOR SALE
1/9
null | 7.75% Cap Rate

2310 SW Military Dr
San Antonio, TX 78224
South Park


HIGHLIGHTS

  • Recent Lease Extension | Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • South Park Mall (783,000+ SF) | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, DICK’S Sporting Goods investment property located in San Antonio, Texas. The tenant, Dick’s Sporting Goods, Inc. recently signed a 5-year lease extension with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features $0.50/SF/YR rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$8,750,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

7.75%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dick's Sporting Goods

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

50,230 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-3

APN/PARCEL ID

12328-000-0028

ASK ABOUT THIS PROPERTY

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949-698-1105

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Winston GuestSRS National Net LeaseMore Info
949-698-1105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.