312-782-5800
7613 N Loop 1604 Fwy E, San Antonio, TX for Sale
Freestanding - FOR SALE
1/2
null | Request Cap Rate

7613 N Loop 1604 Fwy E
San Antonio, TX 78233
Comanche Lookout Park


HIGHLIGHTS

  • Single-tenant retail asset to the anchor tenant, At Home.
  • Located in Live Oak, TX 14 miles northeast of downtown San Antonio.
  • The Property totals 124,525 SF on an 8.90-acre parcel.
  • The lease structure is an absolute NNN lease with 10.7 years of remaining term, offering investors long-term cash flow with no landlord expenses.
  • The Asset is positioned near the intersection of Highway 1602 and US-35.
  • The surrounding 1- mile has experienced a 70% population growth since 2010 and average household incomes within that radius exceed $100,000.

OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the feesimple interest in the single-tenant At Home (the “Property” or “Asset”) located in Live Oak, TX 14 miles northeast of downtown San Antonio. The Property totals 124,525 SF on an 8.90-acre parcel and features a corporate guaranty from At Home, a leading home décor concept that offers up to 45,000 home décor items for every household room (the “Tenant”). The lease structure is an absolute NNN lease with 10.7 years of remaining term, offering investors long-term cash flow with no landlord expenses, and features four (4), five-year renewal options and 2% annual rent bumps throughout the primary term & renewal options. The Asset is positioned near the intersection of Highway 1602 and US-35 which combine for more than 250,000 vehicles daily. The surrounding 1-mile has experienced a 70% population growth since 2010 and average household incomes within that radius exceed $100,000. To accompany the growth, more than 1,000 apartment units have been delivered since 2019 within 3 blocks of the Property. The Property is accompanied by premier retailers such as IKEA, Costco, Target and more. The Offering provides investors with the opportunity to acquire nearly 11 years of passive cash flow from a national retail tenant, with in-place renewal options, an exceptional surrounding demographic profile and a tremendous residual development opportunity.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

At Home

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

CROSS STREETS

Gateway Blvd.

LAND ACRES

8.91 AC

LAND SF

388,120 SF

ZONING

-

APN/PARCEL ID

05043-002-0150

ASK ABOUT THIS PROPERTY

312-782-5800

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312-782-5800

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