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3860 FM 3009 3,386 SF Retail Building Schertz, TX 78154 $3,037,000 ($896.93/SF) 5.15% Cap Rate
Executive Summary
Heartland Dental Signed a 12-Year Abs NNN Lease (with Zero Landlord Responsibilities) and Four 5-Year Renewal Options, Ensuring Long-Term Tenancy
Lease Includes 10% Fixed Rent Increases Every Five Years and Starting in Options, Providing Consistent Income Growth
Heartland Dental, the Largest U.S. Dental Support Organization, Backs Over 1,800 Offices Across 38 States
Majority-owned by KKR, a Global Investment Firm Managing Over $504 Billion in Assets
Located on FM 3009, Visible to Over 32,000 Vehicles Daily, Offering High Visibility and Accessibility
Schertz – Located in the High Growth Corridor Between San Antonio and Austin, Texas, Boasts an Average Household Income Over $137,000, with a Population Growth of 10.6% from 2018 to 2023
Surrounded by New Developments, Including a 65-Acre Mixed- Use Project, a 125,434 SF H-E-B store, and Amazon Fulfillment Center, Contributes to a Strong Employment Base in the Area
Lease Includes 10% Fixed Rent Increases Every Five Years and Starting in Options, Providing Consistent Income Growth
Heartland Dental, the Largest U.S. Dental Support Organization, Backs Over 1,800 Offices Across 38 States
Majority-owned by KKR, a Global Investment Firm Managing Over $504 Billion in Assets
Located on FM 3009, Visible to Over 32,000 Vehicles Daily, Offering High Visibility and Accessibility
Schertz – Located in the High Growth Corridor Between San Antonio and Austin, Texas, Boasts an Average Household Income Over $137,000, with a Population Growth of 10.6% from 2018 to 2023
Surrounded by New Developments, Including a 65-Acre Mixed- Use Project, a 125,434 SF H-E-B store, and Amazon Fulfillment Center, Contributes to a Strong Employment Base in the Area
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,386 SF
Building Class
C
Year Built
2005
Price
$3,037,000
Price Per SF
$896.93
Cap Rate
5.15%
NOI
$156,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.85 AC
Parking
7 Spaces (2.07 Spaces per 1,000 SF Leased)
Frontage
126’ on Farm to Market Road 3009
Nearby Major Retailers
Property Taxes
| Parcel Number | 1G2268-0000-00400-0-00 | Improvements Assessment | $901,190 |
| Land Assessment | $423,179 | Total Assessment | $1,324,369 |
Property Taxes
Parcel Number
1G2268-0000-00400-0-00
Land Assessment
$423,179
Improvements Assessment
$901,190
Total Assessment
$1,324,369
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3860 FM 3009
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