6610 Blanco Rd, San Antonio, TX 78216
2,285 SF | Retail Building | San Antonio, TX 78216 | $2,854,103 ($1,249/SF) | 5.85% Cap Rate
For Sale
Active
Asking Price $2,854,103
- Property Type
-
Retail
- Square Feet
- 2,285 SF
- Price / Square Foot
- $1,249
Listing Contacts
- Property Info
Property Overview
The Snyder Carlton National Net Lease Team is pleased to present an opportunity to acquire a recently extended investment grade credit tenant on a NNN lease in the flourishing San Antonio MSA. This single tenant asset (fee simple) has been occupied by PNC Bank (Rated “A-“ by S&P) since 2008 demonstrating the strength of this tenant and location. The 2,285 SF building with a drive-thru is well positioned
on an outparcel adjacent to Target at Park North Shopping Center attracting thousands of consumers daily. Located on a hard corner signalized intersection along Blanco Road (35,213 VPD), the subject property is within a quarter mile of Northwest Interstate 410 which sees over 270,000 VPD. The site benefits from great visibility and accessibility in addition to strong cross shopping retail synergies. Nearby Retailers include Target, World Market, Sally Beauty, Plato’s Closet, Baskin Robins, Chipotle, and Longhorn Steakhouse.
on an outparcel adjacent to Target at Park North Shopping Center attracting thousands of consumers daily. Located on a hard corner signalized intersection along Blanco Road (35,213 VPD), the subject property is within a quarter mile of Northwest Interstate 410 which sees over 270,000 VPD. The site benefits from great visibility and accessibility in addition to strong cross shopping retail synergies. Nearby Retailers include Target, World Market, Sally Beauty, Plato’s Closet, Baskin Robins, Chipotle, and Longhorn Steakhouse.
Property Details
- Class
- B
- Year Built
- 2008
- Stories
- 1
- Property Subtype
- Bank
- Lot Size (sq. ft)
- 32,670 SF
Highlights
- PNC Bank – NYSE: PNC – $44.33 Billion Market Capitalization
- Investment Grade Credit Tenant – Rated “A-” by S&P
- Recently Extended Lease term – 4.3 Lease Years Remaining
- One 5-Year Option Remaining at FMV Potentially Leading to Substantial Increase in Income
- Strong Location at Hard Corner Signalizes Intersection Quarter Mile to NW 410 Loop (270,000+ VPD)
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