146 St San Antonio, TX 78228

This exceptional investment opportunity presents a newly constructed, 304 square foot Brevity Coffee shop in San Antonio, Texas. Located at 146 St Cloud, 78228, this property boasts a prime location on a major retail thoroughfare, near US Hwy 421, and benefits from high visibility due to its hard corner intersection placement. The property is situated in a thriving commercial district (C-1 zoning) with a strong tenant synergy, including nearby national retailers such as Walmart, H-E-B, McDonald's, and more. The 0.38-acre lot includes 3 parking spaces. The building, constructed in 2024, features a drive-thru, enhancing convenience and sales potential. A 15-year absolute NNN ground lease with Grind Haus Coffee Company LLC is in place, commencing June 1, 2024, and expiring May 31, 2039. The lease includes two 5-year renewal options and features annual rent increases of 1.5% during the initial term and 3% during option periods, providing a hedge against inflation and consistent NOI growth. The current NOI is $91,000, representing a 6.00% cap rate on the $1,516,000 asking price. The property's strong demographics, with a 5-mile trade area population exceeding 357,000 and an average household income of $65,858, further solidify its investment potential. This is a management-free investment opportunity with significant long-term growth prospects. The property's APN is 08340-009-0390. The current occupancy is 100%.