6332 Babcock Rd, San Antonio, TX 78240-2515
- Retail space
- 9,301 SF
- 0.95 lot acres
Current Use by Public Records
- Dollar General / Grocery & Convenience Store
- Western Union / Bank / Credit Union
Property Details for 6332 Babcock Rd
- Year built
- 2005
- Lot size
- 0.95 lot acres
- Property type
- Retail space
- APN
- 16938-006-0590
- APU
- 169380060590
Description
This exceptional investment opportunity presents a triple-net (NN) leased retail property located at 6332 Babcock Rd, San Antonio, TX 78240, within the San Antonio MSA. The property encompasses 9,014 square feet on a 0.95-acre lot and features a diverse tenant mix of Dollar General, Dollar Tree, and Family Dollar, all operating under a single lease agreement. Built in 2004, the property boasts 100% occupancy with a current lease expiration date of June 30, 2031, leaving over 6.4 years remaining on the primary lease term. Two, five-year lease options are included, each with a 10% rent increase. The current annual Net Operating Income (NOI) stands at $73,344, yielding a compelling 6.75% cap rate. The property benefits from a strong tenant credit profile, including a corporate guarantee and a credit rating of BBB (S&P). The location is strategically positioned within a robust trade area, boasting a population of approximately 314,193 residents within a 5-mile radius and proximity to major national retailers such as Walmart, Target, Sam's Club, HEB, Marshalls, Starbucks, and TJ Maxx. The asking price for this exceptional retail investment is $1,086,578. Texas's income tax-free status further enhances the investment's appeal. Dollar General's long-term commitment to this location, since 2005, underscores the property's stability and potential for continued growth. This is a rare opportunity to acquire a high-performing, triple-net leased retail property in a prime San Antonio location with a strong tenant and significant remaining lease term.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,007,000
Market price range: $459k - $1.70M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,060,000 Current use
- AUTO REPAIR, GARAGE
- $1,105,000 Change: +5% Conversion: Difficult
- RESTAURANT
- $950,000 Change: -10% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $900,000 Change: -15% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.6131
- Latitude
- 29.5415
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
