San Antonio, TX - Action Behavior Centers

Description:

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest in a newly constructed, NNN-leased Action Behavior Centers (ABC) property in San Antonio, Texas. ABC is the nation’s leading provider of Applied Behavior Analysis (ABA) therapy services for children with autism and is backed by a strong corporate guaranty. With over 350 locations nationwide and a robust growth trajectory, opening approximately 60 to 80 new clinics annually, ABC continues to expand its national footprint. The tenant recently executed a brand-new 7-year lease featuring 2.5% annual rent increases and minimal landlord responsibilities (limited to the roof, structure, and parking). This offering represents a rare opportunity to acquire a stable, low-maintenance asset with income backed by a fast-growing, mission-driven healthcare operator, ideally suited for passive or out-of-state investors in an income tax-free state.

Strategically located near the signalized intersection of N Foster Rd and Lake View Dr, the property benefits from strong visibility and traffic exposure. It’s just two minutes from a top-performing H-E-B grocery store (77th percentile nationally, per Placer.ai) and sits within a dense retail corridor alongside Walmart, Dollar Tree, and Family Dollar. The 5-mile trade area includes over 215,000 residents and 66,000 employees, with established residential communities like Montabella Pointe Apartments immediately adjacent to the subject property, reinforcing daily demand for services. This location will serve as a regional hub for ABC, with dedicated space for employee training, reinforcing the tenant’s long-term operational commitment to the site. Other ABC locations in San Antonio are operating at capacity with wait lists, underscoring built-in demand at this site. Backed by private equity firm Charlesbank Capital Partners (2022 acquisition, $840M valuation), ABC is a prominent provider of Applied Behavior Analysis (ABA) therapy, a clinically proven, insurance-covered treatment for Autism Spectrum Disorder (ASD). As ASD diagnoses rise (1 in 36 children, per CDC 2023) and demand for Board Certified Behavior Analysts (BCBAs) far exceeds supply, the ABA therapy market, valued at $2.5B in 2023, is projected to grow 6–9% annually through 2030. This offering presents a rare opportunity to invest in an essential-service tenant with strong backing, consistent rent growth, and a prime location in a high-demand, expanding market.