4901 Walzem Rd Windcrest, TX 78218-2116

Property Details for 4901 Walzem Rd

Year built

1982

Lot size

0.65 lot acres

Property size

2,741 SF

Property type

Drive through restaurants

APN

05474-116-0030

APU

54741160030

Description

This exceptional investment opportunity presents a single-tenant, Net Lease Starbucks with drive-thru, located at 4901 Walzem Rd, San Antonio, TX 78218. The property, built in 1982 and extensively renovated in 2022, boasts 3,585 square feet on a 0.63-acre lot. The current lease, with a corporate guarantee from Starbucks, commenced May 31, 2007, and extends to May 31, 2032, offering a remaining term of 7.5 years. Rent increases of 10% every five years are built into the lease. The property enjoys a prime location on a heavily trafficked road, benefiting from high visibility and convenient access for customers and deliveries. With over 36,000 vehicles passing daily, the property's prominent signage and dedicated turn lane maximize exposure. The strong operating history since 2007, coupled with the recent renovation, ensures a modern and appealing customer experience. The property's Net Operating Income (NOI) is $119,776, resulting in a 6.35% cap rate. This Class B retail property offers a secure, passive income stream in a thriving San Antonio market, with over 102,000 residents within a 3-mile radius and proximity to the I-35 corridor. The abundant parking caters to the high volume of customers, enhancing convenience and accessibility. This is a rare opportunity to acquire a well-established, high-performing Starbucks investment with significant long-term potential. The asking price is $1,886,248.

Location Insight

City

Windcrest

County

Bexar

State

Texas

Longitude

-98.3948

Latitude

29.5107

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments