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1652 Pat Booker Rd 2,000 SF Office Building Universal City, TX 78148 For Sale
Investment Highlights
- Net-Leased Medical Asset with Three Percent Annual Rent Increases
- Strategic Location Along Pat Booker Road Corridor with Exposure to over 24,000 VPD
- Tenant Demonstrates Long-Term Commitment Through Capital Improvements Including Specialized Equipment
- Strong Demographics, Nearby Demand Drivers, and Limited Medical Competition
Executive Summary
Marcus & Millichap is pleased to present the excellent investment opportunity located at 1652 Pat Booker Road in Universal City, Texas.
The offering consists of a 2,000-square-foot, single-tenant medical property situated on approximately 0.32 acres and occupied by a
maxillofacial specialist. The tenant is currently in year four of a seven-year net-leased (NNN) agreement that features attractive three
percent annual rental increases throughout both the primary lease term and the two additional five-year renewal options, providing
investors with a predictable and growing income stream. The tenant has demonstrated a strong commitment to the location through
significant capital investment, including a comprehensive renovation completed in 2017 and the installation of specialized clinical and
operatory equipment. These improvements create substantial operational efficiencies and contribute to tenant retention, enhancing
the long-term stability of the asset. The property also features a favorable 5:1,000 parking ratio to support patient and
staff accessibility.
Strategically positioned near the signalized corner of Pat Booker Road and Kitty Hawk Road, the property benefits from exceptional
accessibility with exposure to approximately 24,729 vehicles per day. The location offers convenient access to Interstate 35, Loop
1604, and Highway 78, connecting the property to the greater San Antonio metropolitan area. Investors will also benefit from strong
surrounding demographics, with more than 219,000 residents, 78,000 households, and an average household income exceeding
$85,000 within a five-mile radius. The asset's proximity to Randolph Air Force Base and major regional healthcare systems further
strengthens its appeal. Located along the well-established Pat Booker Road retail corridor, the property serves an area that remains
underserved for medical and specialty healthcare services, creating durable demand drivers and long-term investment potential
The offering consists of a 2,000-square-foot, single-tenant medical property situated on approximately 0.32 acres and occupied by a
maxillofacial specialist. The tenant is currently in year four of a seven-year net-leased (NNN) agreement that features attractive three
percent annual rental increases throughout both the primary lease term and the two additional five-year renewal options, providing
investors with a predictable and growing income stream. The tenant has demonstrated a strong commitment to the location through
significant capital investment, including a comprehensive renovation completed in 2017 and the installation of specialized clinical and
operatory equipment. These improvements create substantial operational efficiencies and contribute to tenant retention, enhancing
the long-term stability of the asset. The property also features a favorable 5:1,000 parking ratio to support patient and
staff accessibility.
Strategically positioned near the signalized corner of Pat Booker Road and Kitty Hawk Road, the property benefits from exceptional
accessibility with exposure to approximately 24,729 vehicles per day. The location offers convenient access to Interstate 35, Loop
1604, and Highway 78, connecting the property to the greater San Antonio metropolitan area. Investors will also benefit from strong
surrounding demographics, with more than 219,000 residents, 78,000 households, and an average household income exceeding
$85,000 within a five-mile radius. The asset's proximity to Randolph Air Force Base and major regional healthcare systems further
strengthens its appeal. Located along the well-established Pat Booker Road retail corridor, the property serves an area that remains
underserved for medical and specialty healthcare services, creating durable demand drivers and long-term investment potential
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
2,000 SF
Building Class
B
Year Built/Renovated
1977/2017
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,000 SF
Building FAR
0.14
Lot Size
0.32 AC
Zoning
OCL - Outside City Limits
Parking
11 Spaces (5.5 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 05047-102-0290 | Improvements Assessment | $272,850 |
| Land Assessment | $341,910 | Total Assessment | $614,760 |
Property Taxes
Parcel Number
05047-102-0290
Land Assessment
$341,910
Improvements Assessment
$272,850
Total Assessment
$614,760
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