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Single-Tenant Office Medical

CareVet Animal Hospital Strip + Additional Land | Value-Add Opportunity | San Antonio

310 Nacogdoches Road, San Antonio, TX 78217

Listing Price: $3,500,000

Cap Rate
6.00%
Tenant Name
CareVet
Years Remaining On Lease
14.8
Gross SF
10,348
Guarantor
Corporate Guarantee
Rentable SF
10,348
Price/Gross SF
$338.23
Lease Type
Absolute Net
Rent Per Square Feet
$20.28

Investment Overview

San Antonio is the seventh-most populated city in the United States and is the second most populous city in the state of Texas. It is considered one of the fastest growing of the top ten largest cities in the United States from 2000 to 2010. It is home to numerous Fortune 500 companies including Valero Energy Corp, Tesoro Corp, USAA, iHeartMedia, CST Brands, INC. and more. San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $121 billion in 2018. San Antonio’s economy focuses primarily on military, health care, government–civil service, financial services, oil and gas, and tourism. Since the beginning of the 21st century, the city has become a significant location for American-based call centers and has added a sizable manufacturing sector centered around automobiles. The city also has a growing technology sector. Located about 10 miles northwest of Downtown is the South Texas Medical Center, a conglomerate of various hospitals, clinics, and research (see Southwest Research Institute and Texas Biomedical Research Institute) and higher educational institutions. Over twenty million tourists visit the city and its attractions every year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world. Tourism provided over 130,000 jobs, and it had an economic impact of $13.6 billion in the local economy according to information gathered in 2017. The city of San Antonio received $195 million in the same year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others.

Investment Highlights

  • CareVet Anchored 2-Tenant Strip on NNN Leases. CareVet Fully Renovated and Recently Restated and Renewed Term to a Fresh 15 Years Demonstrating Strong Commitment to the Location.
  • Additional 1.0 Acre +/- Separately Parceled for Future Development and Upside Potential.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Features Easy Access & Excellent Visibility at a Signalized Intersection w/ Daily Combined Traffic Counts Exceeding 28k Vehicles.
  • Strong Daytime Employment Area - Near Numerous Established Corporate HQ's, Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success. Healthcare and Veterinary Related Real Estate has been the Least Affected by Economic Recession.
  • Large Land Tract - The Property sits on Approx. 2.10 Acres Providing both Ample Expansion Capabilities as well as Long Term Upside Development Potential. Favorable "Community Commercial" ReZoning.
  • Densely Populated Area: Features more than 280k People Residing within a 5-Mile Radius. The 2nd Fastest Growing City and the 7th Largest in the Country, San Antonio Continues to Diversify, Innovate, and Attract new Businesses and Residents.
  • Immediate Area Experiencing Major Growth: The Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, & Numerous Amenities Including Parks, Schools, and More.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Single-Tenant Office Medical

CareVet Animal Hospital Strip + Additional Land | Value-Add Opportunity | San Antonio

Listing Price: $3,500,000

Cap Rate
6.00%
Tenant Name
CareVet
Years Remaining On Lease
14.8
Gross SF
10,348
Guarantor
Corporate Guarantee
Rentable SF
10,348
Price/Gross SF
$338.23
Lease Type
Absolute Net
Rent Per Square Feet
$20.28

Investment Highlights

  • CareVet Anchored 2-Tenant Strip on NNN Leases. CareVet Fully Renovated and Recently Restated and Renewed Term to a Fresh 15 Years Demonstrating Strong Commitment to the Location.
  • Additional 1.0 Acre +/- Separately Parceled for Future Development and Upside Potential.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Features Easy Access & Excellent Visibility at a Signalized Intersection w/ Daily Combined Traffic Counts Exceeding 28k Vehicles.
  • Strong Daytime Employment Area - Near Numerous Established Corporate HQ's, Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success. Healthcare and Veterinary Related Real Estate has been the Least Affected by Economic Recession.
  • Large Land Tract - The Property sits on Approx. 2.10 Acres Providing both Ample Expansion Capabilities as well as Long Term Upside Development Potential. Favorable "Community Commercial" ReZoning.
  • Densely Populated Area: Features more than 280k People Residing within a 5-Mile Radius. The 2nd Fastest Growing City and the 7th Largest in the Country, San Antonio Continues to Diversify, Innovate, and Attract new Businesses and Residents.
  • Immediate Area Experiencing Major Growth: The Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, & Numerous Amenities Including Parks, Schools, and More.

Investment Overview

San Antonio is the seventh-most populated city in the United States and is the second most populous city in the state of Texas. It is considered one of the fastest growing of the top ten largest cities in the United States from 2000 to 2010. It is home to numerous Fortune 500 companies including Valero Energy Corp, Tesoro Corp, USAA, iHeartMedia, CST Brands, INC. and more. San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $121 billion in 2018. San Antonio’s economy focuses primarily on military, health care, government–civil service, financial services, oil and gas, and tourism. Since the beginning of the 21st century, the city has become a significant location for American-based call centers and has added a sizable manufacturing sector centered around automobiles. The city also has a growing technology sector. Located about 10 miles northwest of Downtown is the South Texas Medical Center, a conglomerate of various hospitals, clinics, and research (see Southwest Research Institute and Texas Biomedical Research Institute) and higher educational institutions. Over twenty million tourists visit the city and its attractions every year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world. Tourism provided over 130,000 jobs, and it had an economic impact of $13.6 billion in the local economy according to information gathered in 2017. The city of San Antonio received $195 million in the same year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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