310 Nacogdoches Rd San Antonio, TX 78217
- Office Properties & Spaces
- 10,348 SF
- 2.10 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 310 Nacogdoches Rd
- Year built
- 2006
- Lot size
- 2.10 lot acres
- Property size
- 10,348 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional Class A, 10,348 square foot medical office building, located at 310 Nacogdoches Rd, San Antonio, TX 78217, presents a compelling investment opportunity. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $209,880. Anchored by CareVet, a reputable veterinary practice management group, the building features a multi-tenant configuration with a corporate guarantee lease providing financial stability. The current lease extends to December 30, 2038, with built-in rent bumps of 10% every five years, ensuring consistent income growth. Built in 2006 and extensively renovated in 2023, the property is situated on a 2.1-acre lot zoned for Community Commercial use, offering significant potential for future development or expansion. The location is highly desirable, situated along a major traffic corridor with excellent visibility and accessibility, benefiting from daily traffic counts exceeding 28,000 vehicles. Its proximity to I-410, numerous corporate headquarters, business parks, and a large residential population ensures consistent demand. The property's recession-resistant nature, coupled with the strong growth of San Antonio, makes this a secure and lucrative investment. The additional 1+ acre parcel provides further upside potential for future development. This investment is ideally positioned for long-term success in a thriving market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.4389
- Latitude
- 29.5259
