Investment Overview

This fully occupied multi-tenant property in Converse, Texas, offers a prime investment opportunity in a rapidly expanding city with a population that has nearly tripled over the last decade. Strategically located near the Texas 1604 Loop exit ramp, a major highway with high daily vehicle traffic, the property benefits from excellent visibility and accessibility. Positioned within the San Antonio Metro Area, the property is surrounded by prominent retailers such as McDonald’s and O’Reilly, and is close to Randolph Air Force Base, a significant economic driver. The surrounding area has a strong demographic profile, with nearly 220,000 residents within a 5-mile radius and an average household income nearing $100,000. The property features a brand-new 10-year absolute NNN master lease, ensuring zero landlord responsibilities and including annual rent increases of 1.50%, even during option periods. With six five-year lease extension options and backed by a high net-worth personal guaranty from the tenant/seller, the investment provides substantial security. The tenant covers all maintenance, taxes, insurance, roof, and structure, making it ideal for out-of-state investors seeking a low-management asset. The diverse subtenant mix—comprising Shell, a C-Store, an Express Car Wash, Burger King with a dual drive-thru, and a local Mexican restaurant with a drive-thru—ensures stable revenue and high customer traffic. This setup offers long-term growth potential and stability, making it a highly attractive investment.