2207 Zarzamora St, San Antonio, TX 78207-8024
- Drug stores
- 5,225 SF
- 0.71 lot acres
Current Use by Public Records
- Dr. Ronald D. Wong, MD / Physician
- Chakradhara Lattupally / Pharmacy
- Empire Pharmacy Inc / Pharmacy
- Your Choice Clinic / Medical Clinic
- South San Antonio Medical Association / Medical Clinic
Property Details for 2207 Zarzamora St
- Year built
- 2014
- Lot size
- 0.71 lot acres
- Property type
- Drug stores
- APN
- 06314-003-0220
- APU
- 63140030220
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 1, 2016 | — | Maddali Realty LLC | — | Deed · related | $1.9M · Branch Bk&tr |
| Oct 5, 2011 | — | Maddali Realty LLC | Kwan,ken M & Betty W | Warranty Deed | — |
| — | — | Maddali Realty LLC | — | Deed Of Trust · related | $1.9M · Branch Bk&tr |
Description
This exceptional investment opportunity presents a 7,375 square foot mixed-use property in San Antonio, Texas, currently leased to Avita Pharmacy under a corporate-guaranteed Net Lease (NNN) agreement. The property, built in 2014, features a strong tenant with a proven track record of growth, evidenced by recent acquisitions expanding their national footprint. The lease, commencing February 16, 2023, and expiring February 15, 2028, offers a remaining term of approximately 3.2 years, with built-in rent bumps of 10% upon each lease extension. The property boasts a substantial Net Operating Income (NOI) of $117,600, yielding an attractive 7.84% cap rate. The NNN lease structure eliminates landlord responsibilities for taxes, insurance, and common area maintenance. Located at 2207 S Zarzamora St, San Antonio, TX 78207, this asset benefits from a strong demographic profile, with a 5-mile radius population exceeding 434,718 residents. The area shows consistent attraction to medical tenants, further solidifying the investment's potential. San Antonio's thriving healthcare sector, including significant ongoing expansions at major medical facilities, contributes to the long-term value and stability of this property. This fee-simple ownership offers a secure and lucrative investment opportunity in a rapidly growing market. The property is comprised of one building and is situated in Bexar County.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,165,000
- 6.5%
- $1,075,000
- 7%
- $1,000,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $955,000 Current use
- COMMERCIAL (GENERAL)
- $995,000 Change: +4% Conversion: Easy
- RESTAURANT
- $905,000 Change: -5% Conversion: Easy
- AUTO REPAIR, GARAGE
- $780,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.531
- Latitude
- 29.4013
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
