This exceptional investment opportunity presents a single-tenant, Net Lease Starbucks with drive-thru, located at 4901 Walzem Rd, San Antonio, TX 78218. The property, built in 1982 and extensively renovated in 2022, boasts 3,585 square feet on a 0.63-acre lot. The current lease, with a corporate guarantee from Starbucks, commenced May 31, 2007, and extends to May 31, 2032, offering a remaining term of 7.5 years. Rent increases of 10% every five years are built into the lease. The property enjoys a prime location on a heavily trafficked road, benefiting from high visibility and convenient access for customers and deliveries. With over 36,000 vehicles passing daily, the property's prominent signage and dedicated turn lane maximize exposure. The strong operating history since 2007, coupled with the recent renovation, ensures a modern and appealing customer experience. The property's Net Operating Income (NOI) is $119,776, resulting in a 6.35% cap rate. This Class B retail property offers a secure, passive income stream in a thriving San Antonio market, with over 102,000 residents within a 3-mile radius and proximity to the I-35 corridor. The abundant parking caters to the high volume of customers, enhancing convenience and accessibility. This is a rare opportunity to acquire a well-established, high-performing Starbucks investment with significant long-term potential. The asking price is $1,886,248.
Highlights
Starbucks has operated successfully at this location since 2007, demonstrating commitment through multiple lease renewals and renovations.
Starbucks, with a BBB+ credit rating, provides financial stability and security as a tenant.
The property enjoys a high-traffic location on Walzem Road, near I-35, serving over 102,000 residents within a 3-mile radius.
Ample parking accommodates high customer volume, ensuring convenience and accessibility.
Convenient access for customers and deliveries is provided by the property's strategic highway proximity.
High visibility is ensured by over 36,000 daily vehicle pass-bys on Walzem Road, a dedicated turn lane, and prominent signage.
The property is located at 4901 Walzem Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $1,886,248.
What are key features of this property?
This property features: Starbucks has operated successfully at this location since 2007, demonstrating commitment through multiple lease renewals and renovations.; Starbucks, with a BBB+ credit rating, provides financial stability and security as a tenant.; The property enjoys a high-traffic location on Walzem Road, near I-35, serving over 102,000 residents within a 3-mile radius.
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Walzem Rd San Antonio, TX 78218
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