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Abs. NNN Family Dollar | San Antonio, TX 2319 Castroville Rd 8,320 SF Retail Building San Antonio, TX 78237 $1,471,000 ($176.80/SF) 7.75% Cap Rate
Investment Highlights
- Rare Absolute NNN Lease with Family Dollar; Zero Landlord Responsibilities; Corporate Guarantee
- Approximately 7 Years of Lease Term Remaining; Six (6) Five-Year Renewal Options with Fixed Increases
- 13,700 People with an Average Household Income of Nearly $60,000 within a 1-Mile Radius
- Recent Early Lease Extension Demonstrating Tenant’s Commitment to this Location
- Dense, Infill Location with Ideal Tenant Demographic Match; Located in the San Antonio–New Braunfels MSA, One of Texas’ Largest Growth Markets
- Texas Location with No State Income Tax; Over 100,000 People with an Average Household Income of Nearly $55,000 within a 3-Mile Radius
Executive Summary
Excellent 1031 Exchange Opportunity.
For more information contact:
Gage Thomas - gthomas@anchorpointcapital.com
William Ito - wito@anchorpointcapital.com
For more information contact:
Gage Thomas - gthomas@anchorpointcapital.com
William Ito - wito@anchorpointcapital.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,320 SF
Building Class
C
Year Built
2018
Price
$1,471,000
Price Per SF
$176.80
Cap Rate
7.75%
NOI
$114,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.92 AC
Zoning
C-2NA
Parking
28 Spaces (3.36 Spaces per 1,000 SF Leased)
Frontage
180’ on Castroville
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Mar 2033
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Mar 2033 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08992-021-0370 | Improvements Assessment | $1,360,730 |
| Land Assessment | $249,270 | Total Assessment | $1,610,000 |
Property Taxes
Parcel Number
08992-021-0370
Land Assessment
$249,270
Improvements Assessment
$1,360,730
Total Assessment
$1,610,000
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Abs. NNN Family Dollar | San Antonio, TX | 2319 Castroville Rd
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