738 W Loop 1604 N - Medical FOR SALE


San Antonio, TX 78251- Far West Side
$4,729,000 USD
480-221-4221
738 W Loop 1604 N, San Antonio, TX for Sale
$4,729,000 USD
Medical - FOR SALE
1/10
null | 7.25% Cap Rate

738 W Loop 1604 N
San Antonio, TX 78251
Far West Side


HIGHLIGHTS

  • Approximately 6 Years Remaining | Scheduled Rental Increases | 24- Hour Emergency Room
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Along Major Thoroughfare | Excellent Visibility | 24-Hour Walmart Supercenter
  • CHRISTUS Santa Rosa Hospital (386 Beds) | SeaWorld San Antonio
  • Dense Retail Corridor | Strong National/Credit Tenants
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, personal guaranteed, freestanding, investment property located in San Antonio, Texas. The tenant, Prestige Emergency Room - Potranco, LLC, has approximately 6 years remaining on their 10-year lease with 1 (5-year) option to extend. The lease features 10% rental increases in 2025 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. Prestige Emergency Room is a 24-hour full-service emergency room designed to provide immediate emergency care at all three of their locations, as well as provide transportation to area hospitals when more extensive treatments are required.

FOR SALE DETAILS

PRICE

$4,729,000 USD

PRICE/SF

$713 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24hr Prestige ER | 6yrs Remain w/ Incrses

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

C-3

APN/PARCEL ID

19400-069-0120

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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