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Costa Oil - Converse, TX 8807 FM78 850 SF Retail Building Converse, TX 78109 $1,635,600 ($1,924.24/SF) 6.25% Cap Rate
Investment Highlights
- Brand New 15-Year NNN Lease
- Single-Tenant Net Lease Investment
- High Visibility and Accessibility
- New Construction (2026)
- 2% Annual Rent Increases
- San Antonio MSA Growth Market
Executive Summary
New construction Costa Oil 10 Minute Oil Change investment opportunity located along FM 78 in Converse, Texas within the rapidly growing San Antonio MSA. The property is leased under a new 15-year NNN lease featuring 2% annual rent increases and one 15-year renewal option. Year 1 NOI is $102,225, offering an attractive 6.25% cap rate.
Strategically positioned in the high-growth Northeast San Antonio corridor, the property benefits from strong demographics, expanding residential development, and excellent visibility along FM 78. The newly constructed facility offers investors long-term contractual income, annual rent growth, and limited landlord responsibilities, making it an attractive passive investment opportunity in one of Texas’ fastest-growing metropolitan markets.
Strategically positioned in the high-growth Northeast San Antonio corridor, the property benefits from strong demographics, expanding residential development, and excellent visibility along FM 78. The newly constructed facility offers investors long-term contractual income, annual rent growth, and limited landlord responsibilities, making it an attractive passive investment opportunity in one of Texas’ fastest-growing metropolitan markets.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
850 SF
Year Built
2026
Price
$1,635,600
Price Per SF
$1,924.24
Cap Rate
6.25%
NOI
$102,225
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.29 AC
Zoning
Commercial - Commercial zoning allowing automotive service and retail uses
Parking
11 Spaces (12.94 Spaces per 1,000 SF Leased)
Frontage
280’ on FM 78
Amenities
- Controlled Access
- Freeway Visibility
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Costa Oil 10 Minute Oil Change
- Services
-
99,999 SF
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Costa Oil 10 Minute Oil Change | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 9
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Costa Oil - Converse, TX | 8807 FM78
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