San Antonio, TX - Texas MedClinic

Description:

- The tenant currently has 14+ years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site
- The lease features 2% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
- Texas MedClinic was acquired by Community Care Partners, a Shore Capital portfolio company, which is a 100+ unit operator

- The subject property is right down the road from Stevens Ranch Shopping Center, a 24,000+ SF shopping center, anchored by HEB, Taco Bell, Anytime Fitness, Whataburger, Burger King, and more
- The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Ulta, Ross, Costco, Old Navy, Starbucks, Chipotle, and many more
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
- Furthermore, the asset is in close proximity to Redbird Ridge Apartments (342 units) and Ladera Elementary School (756 students)