San Antonio, TX - Medical Office Building (Huebner Rd)

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, multi-tenant investment property located in San Antonio, Texas. The tenants, Align Dental PLLC and Texas Dental & Braces, PLLC, signed 25 year leases in 2021 with a WALT of over 21 years, demonstrating their commitment to the site. The lease features $0.50 PSF annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The leases are NN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

The site is located near the signalized, hard-corner intersection of Huebner Road and Vance Jackson Road, combining to average over 46,600 vehicles passing by daily. Huebner Road is a major retail thoroughfare serving the city of San Antonio. The asset is less than half a mile from Huebner Commons, a 58,000+ square foot shopping center that features national/credit tenants including Starbucks, Orangetheory Fitness, Wells Fargo, Domino’s, UPS, and more. The asset is approximately 1 mile from Huebner Oaks Center, a Ross anchored center with other national/credit tenants including Ulta, REI, Men’s Wearhouse, Chipotle, Potbelly, GameStop, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, H-E-B, Panera Bread, Pei Wei, Freebirds, Walgreens, AT&T, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 306,000 residents and 208,900 employees, with an average household income of $95,164.