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738 Loop 1604 San Antonio, TX 78251

Sponsored
For Sale
$4,897,000

High-yield, NNN-leased medical office.

Property size:
6,631 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 6,631 square-foot medical office building in San Antonio, Texas. The property boasts a 7.00% cap rate and a strong NOI of $342,823. Currently 100% occupied by a 24-hour emergency room under a NNN lease with approximately 5.2 years remaining, including a 5-year option to extend. The lease features 10% rental increases in 2025 and at the start of each option period, providing built-in growth and inflation protection. Landlord responsibilities are limited to roof and structure, making this an ideal low-management investment. Situated on a 1.55-acre lot with 40 parking spaces, the building is strategically located along a major thoroughfare with high daily traffic volume, benefiting from proximity to a 24-hour Walmart Supercenter, Kohl's, and numerous other national retailers. Its location near two major hospitals and SeaWorld San Antonio further enhances its appeal. The property is zoned C3 (Commercial - Service Business) and was built in 2015. The strong demographics of the surrounding area, including a high average household income within a 1-mile radius, contribute to the property's exceptional investment potential. This is a truly passive investment opportunity with significant upside potential. The APN is 19400-069-0120.

Property Features for 738 Loop 1604

General Information

Property type
Medical offices
Square Feet
6,631 SF
Lot Size
67,518 SF

Building Details

Year Built
2015

HighLights

  • 6,631 SF medical office building in San Antonio, TX with approximately 6 years remaining on a NNN lease, including a 5‑year option with built‑in rental increases.
  • Fee‑simple ownership with zero landlord responsibilities (landlord responsible only for roof and structure).
  • High‑visibility location on major thoroughfare near a 24‑hour Walmart Supercenter.
  • Proximity to CHRISTUS Santa Rosa Hospital and SeaWorld San Antonio.
  • Located in a dense retail corridor with strong national credit tenants.
  • Strong demographics within a 5‑mile radius, including high average household income.
Property Profile Location Intelligence

Current Use by Public Records

HECTOR LUIS CARABALLO Emergency Care Physician Prestige Emergency Room ... Emergency Room

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
San Antonio
County
Bexar
State
Texas
Longitude
-98.7103121
Latitude
29.440207

FAQs

What type of property is this?
Medical office - High-yield, NNN-leased medical office.
Where is this medical office located?
The property is located at 738 Loop 1604 San Antonio, TX.
What is the asking price?
The asking price for this property is $4,897,000.
What are key features of this property?
This property features: 6,631 SF medical office building in San Antonio, TX with approximately 6 years remaining on a NNN lease, including a 5-year option with built-in rental increases.; Fee-simple ownership with zero landlord responsibilities (landlord responsible only for roof and structure).; High-visibility location on major thoroughfare near a 24-hour Walmart Supercenter.
More about this property
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