21578 Bulverde Rd San Antonio, TX 78259
- Schools
- 10,000 SF
- 0.86 lot acres
Current Use by Public Records
- The Learning Experience - Bulverde / Learning Center / Nursery School
Property Details for 21578 Bulverde Rd
- Year built
- 2024
- Lot size
- 0.86 lot acres
- Property size
- 10,000 SF
- Property type
- Schools
- Property subtype
- Day care centers
Description
This exceptional investment opportunity presents a fee-simple, 10,000-square-foot daycare center in San Antonio, Texas, operating under a 15-year absolute NNN lease with The Learning Experience (TLE), a well-established franchisee. The property, built in 2024 on a 0.86-acre lot at 21578 Bulverde Rd, 78259, boasts 100% occupancy and a strong NOI of $400,000, yielding a 6.75% cap rate. The lease, commencing March 24, 2024, and expiring March 31, 2039, includes two 5-year renewal options and attractive 12% rent bumps every five years. The property benefits from a high-traffic location, with over 24,000 average daily vehicle counts, and is situated within a densely populated area featuring average household incomes exceeding $118,000 within one mile and $109,000 within five miles. The asking price is $5,925,925. This represents a secure, passive income stream with significant long-term growth potential in a thriving Texas market. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any diversified investment portfolio. The average cap rate during the base term is 7.59%.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.4239713
- Latitude
- 29.6406199
