San Antonio, TX - Verizon & the Vitamin Shoppe

Description:

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, two-tenant pad investment property leased to Verizon and The Vitamin Shoppe. Both tenants are corporate-backed and have shown long-term commitment to the site. Verizon
(formerly Cello Partnership, now Verizon Wireless) has exercised both of its 5-year renewal options, extending its lease through 2025. The Vitamin Shoppe has also exercised its 5-year renewal option, extending its lease through 2028, with two additional 5-year options to extend. Both leases are structured as NN with tenants reimbursing for taxes, insurance, and CAM, leaving the landlord with minimal responsibilities. This creates an ideal, low-management investment opportunity for a passive investor seeking stable cash flow from nationally recognized tenants.

The property is strategically positioned as an outparcel to South Park Mall, a 783,000+ square foot regional shopping destination anchored by Macy’s, JCPenney, Floor & Decor, and Ulta Beauty, and featuring other national/credit tenants such as Starbucks and Verizon. It benefits from strong synergy within a dense retail corridor that includes Home Depot, Target, Sam’s Club, Lowe’s, Academy, Ross, Chick-fil-A, and more, all of which promote consistent crossover traffic. The surrounding trade area is robust, with more than 226,000 residents and 77,600 employees within a 5-mile radius and an average household income of $64,107. This strong demographic base, combined with its prime location and creditworthy tenants, makes the offering a compelling investment opportunity.

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Listing ID: a28TP000001wE6rYAE