6918 Camp Bullis Rd San Antonio, TX 78256

Property Details for 6918 Camp Bullis Rd

Year built

2021

Lot size

2.27 lot acres

Property size

18,433 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a 18,433 square foot Class A medical office building in San Antonio, Texas. Located at 6918 Camp Bullis Rd, this fee-simple property boasts a 100% occupancy rate with a single tenant under an absolute NNN lease, providing significant passive income. The lease commenced June 1, 2021, and extends to December 31, 2039, with a remaining term of 15.1 years. The tenant, a highly specialized cancer reference laboratory, occupies the entire building, which was built-to-suit in 2021. The lease includes attractive 3% annual rent increases, ensuring consistent growth in cash flow. The property features a 7.00% cap rate and a sale price of $15,140,000 ($821.35/sq ft). Situated on a 2.27-acre lot, the three-story building is conveniently located near I-10, offering excellent accessibility. The surrounding area demonstrates strong demographics, with average household incomes exceeding $144,000 within a three-mile radius. The tenant is backed by a corporate guarantee. Lease options for renewal are available for terms of 2-5 years under the same terms. This property is an ideal investment for those seeking a stable, high-return asset in a rapidly growing market. The property's strong tenant, long-term lease, and favorable location make it a compelling investment opportunity. The building houses state-of-the-art equipment and employs 50 people across various high-tech life science functions.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Longitude

-98.6185

Latitude

29.6141