2310 SW Military Dr San Antonio, TX 78224

This is an opportunity to acquire a fee simple interest in a net-net (NN) leased Dick's Sporting Goods investment property in San Antonio, Texas. The tenant, Dick’s Sporting Goods, Inc., recently signed a 5-year lease extension with 3 (5-year) options to extend. The lease includes rental increases of $0.50/SF/YR at the beginning of each option period. The lease is NN with limited landlord responsibilities. The Dick’s Sporting Goods is located near the intersection of Interstate 35 and SW Military Dr, with a combined average of over 122,300 vehicles passing by daily. SW Military Dr is a major retail thoroughfare serving the city of San Antonio. The Dick’s is part of South Park Mall, a shopping mall with over 783,000 square feet, that also features national/credit tenants including Macy’s, JCPenney, Floor & Decor, Ulta Beauty, Starbucks, and Verizon. The asset is located in close proximity to a Home Depot anchored center that includes other national/credit tenants such as Ross, Five Below, Chick-fil-A, and IHOP. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Lowe’s, Academy, Sam’s Club, Target, H-E-B, Chipotle, and Dutch Bros. The asset is located in close proximity to South San Antonio High School, which has a student population of over 1,600. The 5-mile trade area is supported by a population of over 226,000 residents and 77,600 employees with an average household income of $64,107. The property size is 50,230 square feet.