122 Saint Cloud Rd - Medical FOR SALE


San Antonio, TX 78228- Woodlawn Lake
$6,500,000 USD
949-724-5552
122 Saint Cloud Rd, San Antonio, TX for Sale
$6,500,000 USD
Medical - FOR SALE
1/6
null | 6% Cap Rate

122 Saint Cloud Rd
San Antonio, TX 78228
Woodlawn Lake


HIGHLIGHTS

  • Investment Grade Credit Tenant - (NYSE: HUM)
  • #1 Nation’s Largest, Fastest-Growing Senior Primary Care Provider (Humana’s PCO)
  • Over 8 Lease Years Remaining in Primary Term - New 2021 Construction
  • New Roof Installed in 2021 with 20-Year Roof Warranty
  • Positioned Along St Cloud Rd Between Bandera Rd & W Woodlawn Ave - Over 33,000 Aggregate VPD
  • Close Proximity to Downtown San Antonio – MSA Population Exceeding 2.7 Million

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire a single-tenant net leased Conviva Care Center in San Antonio, TX. Conviva Care Center is a wholly-owned subsidiary of Humana, Inc. (NYSE: HUM), which operates over 340 care centers across the country and serves over 390,000 seniors. The net lease has over 8.4 lease years remaining in the primary term with four 5-year option periods, rental increases every 5 years, and minimal landlord responsibilities, providing inflation-resistant cash flows for years to come. The 15,003 SF building on a large 1.76-acre parcel is strategically positioned on St Cloud Road between Bandera Road and W Woodlawn Avenue which have a combined traffic count exceeding 33,000 VPD. Additionally, the subject property is a mile from St Mary’s University, the 135-acre private Roman Catholic University with a student enrollment of nearly 2,000. Downtown San Antonio is only 5 miles from the subject property and has an MSA population exceeding 2.7 million. Nearby retailers include Walmart Supercenter, McDonald’s, Raising Cane’s, Jack in the Box, Dutch Bros Coffee, CVS Pharmacy, Chase Bank and more. This is an excellent opportunity to purchase a medical/retail asset in San Antonio, TX with an investment grade credit tenant, rent increases, and a net lease.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Conviva Care Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

F1

APN/PARCEL ID

08340-009-0400

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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