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SPOTLIGHT

NOAH'S - 20 Yr NNN - Multi-Use Event Facility

18918 Ridgewood Parkway, San Antonio, TX 78259

$6,500,000

10,300 SF | Retail

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Retail Property For Sale

Price:
$6,500,000
Building Size:
10,300 SF
Price/SF:
$631.07
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Office Building
Medical Office
Anchor
Property Use Type:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under
Construction/Proposed
Commission Split:
1.25%
Cap Rate:
8%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2014
Lot Size:
3.58 AC
Listing ID
18584629
Last Updated
25 days ago

Find Out More...

Highlights

  • Brand New Construction | 10,300+/- SF Building on 3.58+/- Acre Site
  • New 20-Year Lease With 10% Rent Bumps in Year 6 & 2% Every Year After in Base Terms and Options
  • Noah's is in TX, CO, UT, & AZ. Locations average 30,000+ visitors at 300+ events annually. 28 new locations under construction in 20 states
  • Corporate Clients Include: Intel, Apple, Wells Fargo, Home Depot, PepsiCo, American Express
  • Adjacent to a 440,000 SF mixed-use lifestyle center including Lifetime Fitness, numerous restaurants and retailers and a 107-room Courtyard by Marriot
  • 5.5 miles north of the San Antonio International Airport | 8.5 miles north of San Antonio' s Central Business District

Description

Noah Corporation develops and operates innovative multi-use facilities for all life' s events to include conference center space for business, corporate, and community events as well as weddings, parties, and other social gatherings. Automated features and state of the art technology and functionality make each room customizable. Noah' s offers boardrooms, conference rooms, game rooms, and a beautiful reception area that can accommodate upwards of 350 people. At no additional charge, the customer has the freedom to bring in whatever food, decorations, or other services that will assist in making the event a success. Noah' s booking fees are approximately 25% less on average than its competition and each location hosts an average of 30,000 plus visitors at over 300 events annually.

Noah Corporation is a national brand, with active expansion in several markets.Today you can find Noah' s operating in Texas, Colorado, Utah & Arizona. As of February 2014, there were 28 projects in various phases of site acquisition and development in 20 states, mostly in the Midwest and Southeast.

Noah' s is located along Ridgewood Parkway off of US 281 (137,725 Cars / Day) and Loop 1604 (126,560 Cars / Day) in one of the fastest growing and dynamic parts of San Antonio. The population within a 3-mile radius is projected to grow by 8.6% over the 5-year period ending in 2018 and in 2013, the average household income within the same radius was $101,062. Noah' s is positioned in Ridgewood Park, a 122 acre master-planned business community, anchored by Tesoro Corporation' s (618,000 SF) iconic $150 million Leed-Silver certified headquarters. Ridgewood Park is positioned less than 5.5 miles north of the San Antonio International Airport and 8.5 miles north of San Antonio' s Central Business District. Ridgewood Park is adjacent to a 440,000 SF mixed-use lifestyle center including Lifetime Fitness, numerous restaurants and retailers and a 107-room Courtyard by Marriott hotel. There are 12 hotels within a 4-mile radius including the 1002-room JW Marriott Hill County Resort and Spa. San Antonio is located 80 miles south of Austin and 200 miles east of Houston.

Financial Summary

Major Tenant Information

  • Actual
  • $407,865

Map of 18918 Ridgewood Parkway, San Antonio, TX 78259 (Bexar County)

Research for 18918 Ridgewood Parkway, San Antonio, TX 78259 (Bexar County)

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Asking Price Index Trends for San Antonio, TX Retail For Sale

  Nov 14 vs. 3 mo.
prior
Y-O-Y
-
State
$134+0.2%+5.4%
-
Metro
$141-3.9%+3.4%
-
County
$151-3.3%+3.1%
-
City
$160-3.3%+3.9%

View San Antonio Market Trends for other property types for sale or lease. Learn more about the chart info.

NOAH'S - 20 Yr NNN - Multi-Use Event Facility
  • Retail
  • $6,500,000
  • 10,300 SF