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Storefront Condo For Sale • 50,230 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit 2002 | Retail | 50,230 SF | $8,750,000 USD | |
Sale NotesSRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, DICK’S Sporting Goods investment property located in San Antonio, Texas. The tenant, Dick’s Sporting Goods, Inc. recently signed a 5-year lease extension with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features $0.50/SF/YR rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. |
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The DICK’S Sporting Goods is located near the intersection of Interstate 35 and SW Military Dr which combine to average over 122,300 vehicles passing by daily. SW Military Dr is a major retail thoroughfare serving the city of San Antonio. The DICK’S is a part of South Park Mall, a 783,000+ SF shopping mall, that also features national/credit tenants including Macy’s, JCPenney, Floor & Decor, Ulta Beauty, Starbucks, Verizon, and many others. The asset is located in close proximity to a Home Depot anchored center that includes other national/credit tenants such as Ross, Five Below, Chick-fil-A, IHOP, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Lowe’s, Academy, Sam’s Club, Target, H-E-B, Chipotle, Dutch Bros, and more, further increasing consumer traffic to the site. The asset is located in close proximity to South San Antonio High School, which has student population of over 1,600. The 5-mile trade area is supported by a population of over 226,000 residents and 77,600 employees with an average household income of $64,107.
| Recent Lease Extension | Corporate Signed Lease | Options To Extend | Scheduled Rental Increases |
| NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities |
| South Park Mall (783,000+ SF) | Dense Retail Corridor |
| Strong Demographics In 5-Mile Trade Area |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 12 min | - | 7.1 mi | |
| Airport | Drive | Walk | Distance |
| San Antonio International | 20 min | - | 13.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Surface |
| Included in Rent: | Yes |
Winston Guest
SRS National Net Lease
Winston Guest
SRS National Net Lease
