Medical Office Building | 21+yrs WALT | 12014 Huebner Rd
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Medical Office Building | 21+yrs WALT 12014 Huebner Rd
4,212 SF 100% Leased Retail Building San Antonio, TX 78230 $3,262,178 CAD ($774 CAD/SF) 6% Cap Rate
Investment Highlights
- Over 21 Years of WALT Remaining | Scheduled Rental Increases | 100% Occupied | Personal Guaranty
- Huebner Commons | Huebner Oaks Center | Dense Retail Corridor
- NN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, multi-tenant investment property located in San Antonio, Texas. The tenants, Align Dental PLLC and Texas Dental & Braces, PLLC, signed 25 year leases in 2021 with a WALT of over 21 years, demonstrating their commitment to the site. The lease features $0.50 PSF annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The leases are NN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,212 SF
Building Class
B
Year Built
2017
Price
$3,262,178 CAD
Price Per SF
$774 CAD
Cap Rate
6%
NOI
$195,759 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.39 AC
Zoning
C-2 NA - Commercial, Non-Alcoholic Sales District
Parking
18 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
117 ft on Huebner Road
Amenities
- Dedicated Turn Lane
- Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 14712-002-0023 | Improvements Assessment | $1,478,093 CAD |
Land Assessment | $359,845 CAD | Total Assessment | $1,837,938 CAD |
PROPERTY TAXES
Parcel Number
14712-002-0023
Land Assessment
$359,845 CAD
Improvements Assessment
$1,478,093 CAD
Total Assessment
$1,837,938 CAD
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Medical Office Building | 21+yrs WALT | 12014 Huebner Rd
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