Take 5 | New 20yr Abs NNN Ground Lease | 14320 Potranco Rd
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Take 5 | New 20yr Abs NNN Ground Lease 14320 Potranco Rd
1,500 SF 4-Star Retail Building San Antonio, TX 78253 $2,477,738 CAD ($1,652 CAD/SF) 5.15% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Scheduled Rental Increases | Options To Extend | December 2024 Opening
- Across from H-E-B Anchored Center | Retail Corridor |Strong National/Credit Tenant Presence
- Direct, Affluent Consumer Base | Strong Demographics In 5-Mile Trade Area
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Signalized, Hard-Corner Intersection (49,000 VPD) | Excellent Visibility | Significant Street Frontage
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in San Antonio, Texas. The tenant, Take 5 Properties SPV LLC, recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, 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. The property is scheduled to open in December2024.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,500 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$2,477,738 CAD
Price Per SF
$1,652 CAD
Cap Rate
5.15%
NOI
$127,572 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
0.72 AC
Zoning
Commercial
Parking
18 Spaces (12 Spaces per 1,000 SF Leased)
Frontage
99 ft on Potranco Road
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
Parcel Number | 04349-346-0010 | Improvements Assessment | $7,004,619 CAD |
Land Assessment | $1,142,525 CAD | Total Assessment | $8,147,144 CAD |
PROPERTY TAXES
Parcel Number
04349-346-0010
Land Assessment
$1,142,525 CAD
Improvements Assessment
$7,004,619 CAD
Total Assessment
$8,147,144 CAD
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Take 5 | New 20yr Abs NNN Ground Lease | 14320 Potranco Rd
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