Wells Fargo - San Antonio, TX

Asset Type

Retail

Address
3027 W Woodlawn Ave San Antonio, TX United States 78228-5017
Asking Price

S$2,085,000

Sq Footage

2,500

Year Built

2019

Cap Rate

5.75%

Additional Attributes
Current / Passing Rent S$119,900
Lease Expiration 2027-06-30
Lease Type NNN
Options 2, 5-year options
Rent Commencement 2019-07-01
S & P Credit Rating A+
Tenant Wells Fargo Bank, National Association

Property Description

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
Listing Contacts
Caroline Binning
Vice President, Capital Markets
+65 3159 4021
Adam Howells
Adam Howells
Managing Director, Captl Mkts
+65 3159 4021
Interested in this property?

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.