Schertz, TX - Medical Office Building

Description:

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, multi-tenant investment property located in Schertz, Texas. The tenants, Schertz Dental Group and Schertz Oral Surgery recently signed brand new 10-year leases with 2 (5-year) options to extend, demonstrating their commitment to the site. The leases feature flat rent throughout the initial term and fair market value increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The leases are NNN 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 FM3009 and Green Valley Rd, combining to average over 36,900 vehicles passing by daily. FM3009 is a major retail thoroughfare serving the city of San Antonio. The property is located across from The Oaks at Green Valley, a 31,000+ square foot shopping center, which features a strong mix of national and local tenants. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, H-E-B, Hobby Lobby, Starbucks, Raising Cane’s, QuikTrip, Circle K, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 128,500 with an average household income of $114,162.