1205 Borgfeld Rd, Schertz, TX 78154
7,028 SF | 100% Leased | Industrial Building | Schertz, TX 78154 | $2,400,000 ($341/SF) | 5.75% Cap Rate
For Sale
Active
Asking Price $2,400,000
- Property Type
-
Industrial
- Price / Square Foot
- $341
Listing Contacts
Kurt Hediger
Julius Swolsky
Brenton Baskin
Property Overview
Graystone Capital Advisors has been exclusively engaged to present for sale the fee-simple interest in a single-tenant Classic
Collision located in Schertz, TX (San Antonio MSA) - One of the fastest growing Suburbs in America.
The tenant recently executed a Brand New 15 year lease which brought the lease expiration to January 31, 2039. Additionally, the
lease has 2% annual increases hedging inflationary risk. There are also two additional five-year options. The lease is corporately
guaranteed by Classic Collision with 250+ total locations across the country servicing Alaska, Alabama, Arizona, California, Colorado,
Florida, Georgia, Minnesota, Nevada, North Carolina, Oregon, South Carolina, Tennessee, Texas, Virginia and Washington.
Schertz is one of the largest cities within the San Antonio metropolitan area and the largest city of the Randolph Metrocom, which
consists of cities surrounding Randolph Air Force Base. San Antonio is the seventh-most populated city in the United States and is
the second most populous city in the state of Texas.
Considered one of the fastest growing cities in the United States, Schertz’s diverse economy is primarily focused on essential sectors
within the military, health care, government civil service, financial services, oil and gas, and tourism sectors. It is home to numerous
Fortune 500 companies including Valero Energy Corp, Tesoro Corp, USAA, iHeartMedia, CST Brands, INC. and more.
Collision located in Schertz, TX (San Antonio MSA) - One of the fastest growing Suburbs in America.
The tenant recently executed a Brand New 15 year lease which brought the lease expiration to January 31, 2039. Additionally, the
lease has 2% annual increases hedging inflationary risk. There are also two additional five-year options. The lease is corporately
guaranteed by Classic Collision with 250+ total locations across the country servicing Alaska, Alabama, Arizona, California, Colorado,
Florida, Georgia, Minnesota, Nevada, North Carolina, Oregon, South Carolina, Tennessee, Texas, Virginia and Washington.
Schertz is one of the largest cities within the San Antonio metropolitan area and the largest city of the Randolph Metrocom, which
consists of cities surrounding Randolph Air Force Base. San Antonio is the seventh-most populated city in the United States and is
the second most populous city in the state of Texas.
Considered one of the fastest growing cities in the United States, Schertz’s diverse economy is primarily focused on essential sectors
within the military, health care, government civil service, financial services, oil and gas, and tourism sectors. It is home to numerous
Fortune 500 companies including Valero Energy Corp, Tesoro Corp, USAA, iHeartMedia, CST Brands, INC. and more.
Property Details
- Class
- C
- Year Built
- 2001
- Stories
- 1
- Property Subtype
- Service
- Lot Size (sq. ft)
- 64,469 SF
Highlights
- Brand New 15-Year Absolute Net Lease with Zero Landlord Responsibilities; May Qualify for Accelerated Depreciation
- Classic Collision extended their lease early reflecting their strong commitment to this location
- Close Proximity to San Antonio – Schertz, TX is situated northeast of San Antonio and considered one of the fastest growing cities in America
- Suburban Setting – Schertz is known for its suburban atmosphere, offering a balance between small-town charm and larger urban centers
- Military Presence – Schertz, TX is located near Randolph Air Force Base (3 Miles), ensuring a stable population.
- Growing Population – Like many areas in Texas, Schertz has experienced population growth in recent years. This growth has led to increased development
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