Bank
PNC (New 20-Year Ground Lease)
23234 US-281, San Antonio, TX 78259
Listing Price: $2,948,000
Investment Overview
Offered for sale is a ground lease PNC Bank located in San Antonio, Texas. The property will be delivered as a ground-up, newly constructed facility built to PNC Bank’s current prototype specifications and is secured by a new 20-year ground lease featuring 10 percent rent increases every five years. The property is an outparcel to a Sam’s Club along US Highway 281 (107,570 VPD) within the affluent Stone Oak trade area. The surrounding trade area includes 154,083 residents and an average household income of $144,074 within a five-mile radius.
PNC (New 20-Year Ground Lease)
Investment Highlights
- New 20-Year Ground Lease With 10 Percent Rent Increases Every Five Years
- Excellent Frontage and Visibility Along US Highway 281 With Exposure to 107,570 VPD
- Outparcel to Sam's Club Generating 1.8 Million Annual Visits (Placer.ai)
- Affluent Stone Oak Trade Area — 154,083 Residents, $144,074 Average Household Income (Five-Mile Radius)
- Adjacent to the 647,786-SF Village at Stone Oak Near Existing Multi-Family Housing and Planned Mixed-Use Development
- New Construction Coming in 2026 Featuring Modern Prototype Design
- Investment-Grade Tenant — PNC Bank (A; S&P) With Expanding Texas Presence
- Austin–San Antonio Metro Population Projected to Grow by 3M+ by 2050
Exclusively Listed By
Listing Price: $2,948,000
Investment Highlights
- New 20-Year Ground Lease With 10 Percent Rent Increases Every Five Years
- Excellent Frontage and Visibility Along US Highway 281 With Exposure to 107,570 VPD
- Outparcel to Sam's Club Generating 1.8 Million Annual Visits (Placer.ai)
- Affluent Stone Oak Trade Area — 154,083 Residents, $144,074 Average Household Income (Five-Mile Radius)
- Adjacent to the 647,786-SF Village at Stone Oak Near Existing Multi-Family Housing and Planned Mixed-Use Development
- New Construction Coming in 2026 Featuring Modern Prototype Design
- Investment-Grade Tenant — PNC Bank (A; S&P) With Expanding Texas Presence
- Austin–San Antonio Metro Population Projected to Grow by 3M+ by 2050
Investment Overview
Offered for sale is a ground lease PNC Bank located in San Antonio, Texas. The property will be delivered as a ground-up, newly constructed facility built to PNC Bank’s current prototype specifications and is secured by a new 20-year ground lease featuring 10 percent rent increases every five years. The property is an outparcel to a Sam’s Club along US Highway 281 (107,570 VPD) within the affluent Stone Oak trade area. The surrounding trade area includes 154,083 residents and an average household income of $144,074 within a five-mile radius.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
