Wells Fargo - San Antonio, TX

3027 W Woodlawn Ave San Antonio , TX 78228

Wells Fargo - San Antonio, TX - retail for sale

Download offering memorandum

Overview



Newly-constructed free-standing Wells Fargo for sale located at the northeast corner of Bandera Road and Woodlawn Avenue. The property is relocation branch for Wells Fargo, and an outparcel to a brand-new Walmart Supercenter four miles northwest of San Antonio. It sits in a densely populated urban market, and with over 390,000 residents within a 5-mile radius, it has great exposure to a large consumer base.

Investment highlights


  • Fee simple interest
  • Wells Fargo is subject to a new 8-year lease with a 3% rental increase at the end of the fourth year
  • Includes two 5-year renewal options that feature 10% rent increases
  • Minimal landlord responsibilities
  • Located 4 miles west of San Antonio
General
Property type Retail
Tenure type Sale/Purchase
Property address 3027 W Woodlawn Ave, San Antonio, TX 78228-5017
Land in acres 0.64
Building size 2,500  ft2
Year built 2019
Financial
Price $1,521,739
Cap rate 5.75%
Current NOI $87,500.00
Lease
Tenant's name Wells Fargo Bank, National Association
Credit rating (S&P) A+
Lease type NNN
Annual rent $87,500.00
Lease expiration date 06/30/2027
Remaining term 7.8Yrs

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