122 Moursund Blvd San Antonio, TX 78221
- Retail properties
- 10,500 SF
- 1.34 lot acres
Current Use by Public Records
- Retail properties
Property Details for 122 Moursund Blvd
- Year built
- 2024
- Lot size
- 1.34 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.5039
- Latitude
- 29.3364
