13939 Nacogdoches RdSan Antonio, TX 78217

Property Details for 13939 Nacogdoches Rd

Year built

2008

Lot size

0.67 AC

Property size (Sq ft)

3,608 SF

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $995,453

  6.5%

  $918,880

  7%

  $853,245

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,066,375

  Geo Method

  $2,066,375

• Alternative Use

  Use

  Valuation

  Residential

  $775,109

  Hospitality

  $709,996

  Educational

  $590,708

  Medical

  $611,024

  Retail

  $918,880

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.5684

Longitude

-98.3854

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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