13939 Nacogdoches Rd San Antonio, TX 78217

Property Details for 13939 Nacogdoches Rd

Year built

2008

Lot size

0.67 lot acres

Property size

3,608 SF

Property type

Banks

APN

15716-001-0161

APU

157160010161

Description

This exceptional investment opportunity presents a freestanding Class A Chase Bank branch located at 13939 Nacogdoches Rd, San Antonio, TX 78217. The property boasts a 3,500 square foot building on a 29,179 square foot lot, situated on a hard corner with high visibility. Benefiting from a strong location, it's an outparcel adjacent to an HEB, Walgreens, and McDonald's, ensuring high traffic and excellent brand recognition. The property is currently under a Net Lease (NN) with Chase Bank, a highly creditworthy tenant, with a lease commencement date of September 9, 2009, and an expiration date of December 31, 2029, leaving a remaining lease term of approximately 5.1 years. The current Net Operating Income (NOI) is $250,000, yielding a 6.10% capitalization rate. The tenant recently exercised a 5-year option without rent reduction, demonstrating confidence in the location and the strength of the lease. The building, constructed in 2008, is zoned C-3. This single-story building offers a compelling investment opportunity due to its strong tenant, favorable lease terms, and prime location in a high-traffic area. The investment benefits from the building lease (not a ground lease) allowing for depreciation expense, and the tax advantages of being located in Texas, an income tax-free state. The asking price is $4,100,000, representing a price per square foot of $1,171.43. This is a rare opportunity to acquire a high-quality, net-leased property with a strong tenant and significant upside potential.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Longitude

-98.3854

Latitude

29.5684

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments