5435 N Loop 1604 W - Auto Dealership FOR SALE


San Antonio, TX 78249
$7,111,000 USD
714-404-8849
5435 N Loop 1604 W, San Antonio, TX for Sale
$7,111,000 USD
Auto Dealership - FOR SALE
1/7
null | 7.35% Cap Rate

5435 N Loop 1604 W
San Antonio, TX 78249


HIGHLIGHTS

  • Approximately 14 Years Remaining | Options To Extend | Annual Rental Increases | Well-Known & Established Tenant
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
  • Dense Retail Corridor | Strong/National Credit Tenants | The Rim (1,700,000 SF Lifestyle Center) |
  • Near Heavily Traveled Interchange | Six Flags (Capacity - 37k) | Univ of TX San Antonio (34,742 Students) | Multiple Nearby Appartment Luxury
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed (NYSE: CVNA), freestanding, Carvana investment property located in San Antonio, Texas. The tenant, Carvana, LLC has approximately 14 years remaining with 2 (10-year) options to extend, demonstrating their commitment to the site. The lease features 1.75% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor in a state with no state income tax. Carvana is a leading e-commerce platform for buying and selling used cars and provides as-soon-as-next-day delivery to customers in over 300 U.S. markets.

FOR SALE DETAILS

PRICE

$7,111,000 USD

PRICE/SF

$401 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carvana | Approx 14yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

MPCD

APN/PARCEL ID

14747-006-0150

ASK ABOUT THIS PROPERTY

Matthew MousaviSRS National Net LeaseMore Info
714-404-8849

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Matthew MousaviSRS National Net LeaseMore Info
714-404-8849

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