210 Bitters RdSan Antonio, TX 78216

Property Details for 210 Bitters Rd

Year built

1990

Lot size

0.60 AC

Property size (Sq ft)

2,176 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

12059-000-0420

APU

120590000420

Description

This exceptional investment opportunity features a Starbucks located at 210 W Bitters Rd, San Antonio, TX 78216. The property is a 2,869 square foot, Class A, single-tenant net lease investment with a credit-rated corporate guarantee from Starbucks. The lease, commencing August 1, 2016, has a remaining term of approximately 2.2 years with 4x5-year renewal options. The property boasts a strong NOI of $130,683 and a 6.22% cap rate. The building, renovated in 2021, sits on a 0.6-acre lot zoned C-3 Commercial District and includes a drive-thru. This prime location is in a high-traffic area, within a national retailer corridor, and enjoys convenient access to Highway 281 and proximity to San Antonio International Airport. The site consistently ranks in the top 79th percentile nationally and top 75th percentile in Texas for average monthly visitors compared to other Starbucks locations. Rent bumps are included in the lease. The asking price is $2,100,000, resulting in a price per square foot of $731.96. This is a rare opportunity to acquire a well-performing, investment-grade property with a proven track record and significant upside potential. The property's strong tenant, location, and lease terms make it an attractive addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $702,918

  6.5%

  $648,848

  7%

  $602,501

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,246,240

  Geo Method

  $1,246,240

• Alternative Use

  Use

  Valuation

  Residential

  $547,327

  Hospitality

  $501,349

  Educational

  $417,116

  Medical

  $431,462

  Retail

  $648,848

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.5667

Longitude

-98.4854

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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