738 Loop 1604 San Antonio, TX 78251

Property Details for 738 Loop 1604

Year built

2015

Lot size

1.55 lot acres

Property size

6,631 SF

Property type

Medical offices

Property subtype

Medical centers

APN

19400-069-0120

APU

194000690120

Description

This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 6,631 square-foot medical office building in San Antonio, Texas. The property boasts a 7.00% cap rate and a strong NOI of $342,823. Currently 100% occupied by a 24-hour emergency room under a NNN lease with approximately 5.2 years remaining, including a 5-year option to extend. The lease features 10% rental increases in 2025 and at the start of each option period, providing built-in growth and inflation protection. Landlord responsibilities are limited to roof and structure, making this an ideal low-management investment. Situated on a 1.55-acre lot with 40 parking spaces, the building is strategically located along a major thoroughfare with high daily traffic volume, benefiting from proximity to a 24-hour Walmart Supercenter, Kohl's, and numerous other national retailers. Its location near two major hospitals and SeaWorld San Antonio further enhances its appeal. The property is zoned C3 (Commercial - Service Business) and was built in 2015. The strong demographics of the surrounding area, including a high average household income within a 1-mile radius, contribute to the property's exceptional investment potential. This is a truly passive investment opportunity with significant upside potential. The APN is 19400-069-0120.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Longitude

-98.7103

Latitude

29.4403

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments