122 Moursund Blvd San Antonio, TX 78221
This exceptional investment opportunity presents a fee-simple ownership of a newly constructed (2024), 10,500 square foot retail property in San Antonio, Texas. The property is situated on a 1.34-acre lot at 122 Moursund Blvd, 78221, and is currently 100% occupied by a triple-net (NN+) lease with Dollar General, Dollar Tree, and Family Dollar. The lease commenced February 6th, 2025, and extends for a 10-year term, expiring February 28th, 2035, with five, 5-year renewal options, each including a $5,250 rent increase ($0.50 per square foot). The lease is corporately guaranteed by Dollar Tree Store, Inc., providing significant credit strength and security. The property boasts a strong net operating income (NOI) of $127,155, resulting in a 6.75% cap rate. The location benefits from a substantial population base, with 146,616 residents within a 5-mile radius and 539,346 within 10 miles. Projected population growth within the next 5 years is estimated at 6.86%. Average household income in the area is $128,515 annually. Daily traffic counts on nearby Pleasanton Rd. exceed 118,540 vehicles. The property includes a 20-year transferable roof warranty. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.