Miscellaneous

Behavioral Innovations (55 Locations)

21118 Market Ridge, San Antonio, TX 78258

Listing Price: $1,946,000

Cap Rate
6.75%
Tenant Name
Behavioral Innovations
Years Remaining On Lease
6.40
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$389.20
Lease Type
Double Net
Rent Per Square Feet
$26.27

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double net lease therapy office in San Antonio, Texas. The property consists of a 5,000-square foot, freestanding building that sits on approximately 0.50 acres of land. There are approximately 6.4 years remaining on the current lease term, with two percent annual rental escalations. The property is in Market Ridge Commons Office Park, with proximity to U.S. Highway 281, where traffic counts exceed 62,945 vehicles per day. The area is extremely dense with more than 164,577 residents and an average household income of $130,240 (43% Higher than the National Average) within a five-mile radius. The property is next to HEB Plus!, and is the near the Super Target-anchored Village at Stone Oak and an 80-acre mixed se development at the corner of U.S. Highway 281 and Stone Oak Parkway. Additional retailers in the immediate area include The Home Depot, Half Price Book, PetSmart, Hobby Lobby, HomeGoods, Gold’s Gym, In-N-Out Burger, Chick fil-A, Taco Bell, Whataburger, Chipotle, Panera Bread, and many more. The JPMorgan Chase campus (2,500 employees) and iHeart Media Data Center (500 employees) contribute to a built-in daytime population of 150,240 employees within a five-mile radius.

Investment Highlights

  • 2019 Construction - 5,000-Square Foot Single-Tenant Therapy Office
  • Corporate Guarantee - Behavioral Innovations was founded 20 Years Ago and Operates 55 Locations
  • 2% Annual Rental Escalations
  • More than 164,577 Residents and an Average Household Income of $130,240 Within a Five-Mile Radius
  • Located in Market Ridge Commons Office Park with Proximity to U.S. Hwy 281 (62,945 VPD)
  • Highly Desirable Stone Oak Location - Next to HEB Plus! and a 80-Acre Mixed-Use Development

Exclusively Listed By

Miscellaneous

Behavioral Innovations (55 Locations)

Listing Price: $1,946,000

Cap Rate
6.75%
Tenant Name
Behavioral Innovations
Years Remaining On Lease
6.40
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$389.20
Lease Type
Double Net
Rent Per Square Feet
$26.27

Investment Highlights

  • 2019 Construction - 5,000-Square Foot Single-Tenant Therapy Office
  • Corporate Guarantee - Behavioral Innovations was founded 20 Years Ago and Operates 55 Locations
  • 2% Annual Rental Escalations
  • More than 164,577 Residents and an Average Household Income of $130,240 Within a Five-Mile Radius
  • Located in Market Ridge Commons Office Park with Proximity to U.S. Hwy 281 (62,945 VPD)
  • Highly Desirable Stone Oak Location - Next to HEB Plus! and a 80-Acre Mixed-Use Development

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double net lease therapy office in San Antonio, Texas. The property consists of a 5,000-square foot, freestanding building that sits on approximately 0.50 acres of land. There are approximately 6.4 years remaining on the current lease term, with two percent annual rental escalations. The property is in Market Ridge Commons Office Park, with proximity to U.S. Highway 281, where traffic counts exceed 62,945 vehicles per day. The area is extremely dense with more than 164,577 residents and an average household income of $130,240 (43% Higher than the National Average) within a five-mile radius. The property is next to HEB Plus!, and is the near the Super Target-anchored Village at Stone Oak and an 80-acre mixed se development at the corner of U.S. Highway 281 and Stone Oak Parkway. Additional retailers in the immediate area include The Home Depot, Half Price Book, PetSmart, Hobby Lobby, HomeGoods, Gold’s Gym, In-N-Out Burger, Chick fil-A, Taco Bell, Whataburger, Chipotle, Panera Bread, and many more. The JPMorgan Chase campus (2,500 employees) and iHeart Media Data Center (500 employees) contribute to a built-in daytime population of 150,240 employees within a five-mile radius.

Exclusively Listed By

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