7535 Bandera Rd San Antonio, TX 78238-1261

Property Details for 7535 Bandera Rd

Lot size

0.60 lot acres

Property type

Commercial real estate

APN

18560-002-0030

APU

185600020030

Description

This exceptional investment opportunity presents a 2,448 square foot car wash located at 7535 Bandera Rd, San Antonio, TX 78238. The property, built in 2016, sits on a 0.6-acre lot and boasts a 100% occupancy rate with a 5-year absolute triple-net (NNN) lease in place. The lease includes 2% annual rent bumps and three (5)-year renewal options, providing long-term stability and predictable income growth. The current annual net operating income (NOI) is $120,000, representing a 9% capitalization rate on the $1,333,333 asking price. The property features one express bay and three self-service bays, catering to diverse customer needs. Its prime location on Bandera Road, a high-traffic thoroughfare in San Antonio, ensures excellent visibility and accessibility. The property benefits from being situated within a bustling retail corridor and near the Leon Creek Logistics Center, a Class A, 400,000 sq. ft. logistics center, indicating significant growth potential in the area. The lease is personally guaranteed by the tenant's owner, offering additional security. This Class B building offers substantial tax advantages under IRS Code Sections 179 & 168(k), potentially allowing for significant business expense deductions and bonus depreciation. The property's location in the seventh most populous city in the U.S. further enhances its value and investment potential. The high daily traffic count of approximately 59,157 vehicles maximizes exposure and potential customer traffic. This is a ground lease property with APN 18560-002-0030.