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Chase Bank 8014 Bandera Rd 4,790 SF Retail Building San Antonio, TX 78250 $3,194,400 ($666.89/SF) 6.25% Cap Rate
Investment Highlights
- Adjacent to Walmart-Anchored Retail Center
- Strong Deposit Base
- Below Market Rental Rates
- Scheduled Rental Increases
Executive Summary
Surmount is pleased to present the exclusive listing for a Chase Bank located at 8014 Bandera Road, San Antonio, TX 78250. The site consists of roughly 4,790 rentable square feet of building space on an estimated 1.22-acre parcel of land. Chase Bank is subject to a 20-year Triple Net (NNN) lease, which commenced 6/30/2008. The current annual rent is $199,650 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,790 SF
Building Class
C
Year Built
2007
Price
$3,194,400
Price Per SF
$666.89
Cap Rate
6.25%
NOI
$199,650
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.22 AC
Zoning
C-3 - Commercial
Frontage
199’ on Bandera Rd
Amenities
- Bus Line
- Pylon Sign
- Waterfront
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17975-000-0120 | Improvements Assessment | $1,357,350 |
| Land Assessment | $1,117,650 | Total Assessment | $2,475,000 |
Property Taxes
Parcel Number
17975-000-0120
Land Assessment
$1,117,650
Improvements Assessment
$1,357,350
Total Assessment
$2,475,000
Contacts
-
Ilan Bley -
Anthony D'Ambrosia -
Josh Kanter -
Glen Kunofsky -
Christopher Marks -
Surmount
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