7613 Loop 1604th E Live Oak, TX 78233-2669

Property Details for 7613 Loop 1604th E

Year built

2014

Lot size

8.91 lot acres

Property size

124,525 SF

Property type

Outlet malls

APN

05043-002-0150

APU

50430020150

Description

This exceptional investment opportunity presents a fee-simple interest in a 124,525-square-foot At Home storefront located at 7613 N Loop 1604 E, Live Oak, TX 78233. The property, built in 2018, sits on an 8.9-acre parcel and benefits from a strong absolute NNN lease with a corporate guarantee from At Home, a leading home décor retailer. The lease commenced August 1, 2020, and has a remaining term of 10.7 years, extending to July 31, 2035, with four five-year renewal options. Rent increases annually at 2%. The property enjoys 100% occupancy and benefits from a prime location near the intersection of Highway 1604 and US-35, experiencing high daily traffic volume. The surrounding area boasts significant population growth (70% increase since 2010) and high average household incomes exceeding $100,000 within a one-mile radius. Furthermore, over 1,000 apartment units have been built within three blocks since 2019, enhancing the property's desirability and potential. The property is situated near other major retailers, including IKEA, Costco, and Target. This offering provides a stable, long-term investment with significant upside potential due to the strong tenant, favorable lease terms, and robust surrounding demographics. The property offers nearly 11 years of passive cash flow with built-in rent increases and no landlord responsibilities.

Location Insight

City

Live Oak

County

Bexar

State

Texas

Longitude

-98.3381

Latitude

29.5764

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments