FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT 16088 SAN PEDRO, SAN ANTONIO, TEXAS 78232 Teresa L. Corbin, CCIM Jim Lundblad Office: 210.366.2222 Office: 210.366.2222 Mobile: 210.241.4686 Mobile: 210.602.5401 9311 San Pedro, Suite 850 [email protected] [email protected] San Antonio, Texas 78216 endurasa.com THE PROPERTY FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT 16088 SAN PEDRO, SAN ANTONIO, TEXAS 78232 This investment property offering is an opportunity for an investor to acquire an income producing medical office building on Highway 281, a major north/south commercial and commuter corridor within San Antonio. Nearby businesses include restaurants, hotels, retail, banks, self storage, assisted living facility, office parks and office buildings. The building was built in 1986 and renovated in 2012. It has excellent visibility and frontage along Hwy 281. There is an abundance of parking, (free surface parking). The 28,255 square foot medical building is 100% leased to one of San Antonio’s largest healthcare systems. The Property is nestled among many well established subdivisions. This well established area and has an estimated 2020 population of 243,817 within a five mile radius. During the last 10 years, the population grew by 16.4% within this radius and is projected to grow another 6.4% by the year 2025. The estimated households for 2020 is at 97,190 with a projected growth of 5.9% by the year 2025, totaling 102,910 households. This area is also home to 12,190 businesses within the five mile radius and has an estimated 118,329 employees. Within the same radius dynamics, the estimated average household income is at $93,868 for the year 2020. Teresa L. Corbin, CCIM Jim Lundblad Office: 210.366.2222 Office: 210.366.2222 The information contained herein is believed to be accurate but is not warranted, as the information may change Mobile: 210.241.4686 Mobile: 210.602.5401 or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the [email protected] [email protected] property and recommends purchaser’s or tenant’s independent investigation. ENDURA ADVISORY GROUP // 2 FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT PROPERTY SUMMARY 16088 SAN PEDRO, SAN ANTONIO, TEXAS 78232 Purchase Price $13,500,000 16088 SAN PEDRO AVE Cap Rate 6.5% Approximate Building Size ± 28,255 square feet ±2.62 acres Size (Land) (±116,748 square feet) Submarket North Central Leased 100% Baptist Emergency Tenant Hospital 1986 Year Built (Renovated in 2012) • Master Lease with: Emerus/BHS SA Thousand Oaks, LLC Two subtenants: THOUSAND OAKS DR 1. Medical group with a Baptist Hospital affiliation 16088 SAN PEDRO AVE 2. Well established real estate franchise • Current Lease Expires: 05/31/2024 E BITTERS RD BROOK HOLLOW • Current Monthly Rent: $73,033.43 increasing to $74,494.10 on 01/01/2021 with 2% annual increases thereafter • Option to Renew: Two 5 year options E BITTERS RD • Zoned: C-3 S WURZBACH PKWY • Easily accessible / high traffic area WURZBACH PKWY • Well established area with many neighborhoods nearby Teresa L. Corbin, CCIM Jim Lundblad Office: 210.366.2222 Office: 210.366.2222 The information contained herein is believed to be accurate but is not warranted, as the information may change Mobile: 210.241.4686 Mobile: 210.602.5401 or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the [email protected] [email protected] property and recommends purchaser’s or tenant’s independent investigation. 3 // ENDURA ADVISORY GROUP PROPERTY LOCATION FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT 16088 San Pedro is well located in the North Central Submarket of San Antonio on Highway 281, a major north/south corridor within San Antonio. The property sits between Brook Hollow Dr. and Thousand Oaks Dr. as you are heading north bound on Highway 281. It’s approximately 5.9 miles from the San Antonio International Airport and under a 10 minute drive. The Property is also convenient to Downtown San Antonio, just 12.9 miles south on Hwy 281 with a 17 minute drive by car and 22 minutes by Via Transit. There is a Via Transit bus stop just two blocks from the Property. Highway 281 is well traveled with high traffic counts. SITE 16088 SAN PEDRO AVE South VISTA DR 167,198VPD (2020) 146,987 NorthVPD (2020) SAN PEDRO AVE Teresa L. Corbin, CCIM Jim Lundblad Office: 210.366.2222 Office: 210.366.2222 The information contained herein is believed to be accurate but is not warranted, as the information may change Mobile: 210.241.4686 Mobile: 210.602.5401 or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the [email protected] [email protected] property and recommends purchaser’s or tenant’s independent investigation. ENDURA ADVISORY GROUP // 4 FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT PROPERTY LOCATION SAN ANTONIO OAK HOLLOW NORTH CENTRAL NORTH E Bitters Rd INTERNATIONAL THOUSAND OAKS CENTRAL WurzbachAIRPORT Pkwy HERITAGE LAWRENCE Brook Hollow Blvd THOUSAND CREEK OAKS SHADY OAK HEB THE WOODLANDS 16088 SAN PEDRO AVE OF CAMINO REAL SITE Bitters Rd Thousand Oaks Dr OAK HAVEN KENTWOOD HEIGHTS MANOR HILL COUNTRY VILLAGE Mecca Dr HOLLYWOOD PARK Teresa L. Corbin, CCIM Jim Lundblad Office: 210.366.2222 Office: 210.366.2222 The information contained herein is believed to be accurate but is not warranted, as the information may change Mobile: 210.241.4686 Mobile: 210.602.5401 or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the [email protected] [email protected] property and recommends purchaser’s or tenant’s independent investigation. 5 // ENDURA ADVISORY GROUP TENANT OVERVIEW FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT Emerus/BHS SA Thousand Oaks, LLC Emerus, the nation’s first and largest operator of micro-hospitals, has incorporated a new paradigm into patient care that has significantly improved access to health care for thousands of people. Emerus works with leading health systems across the nation, and has partnered with the Baptist Healthcare System to put more care and best-in-class provider services into the communities they serve. Emerus/BHS SA Thousand Oaks, LLC currently operates six emergency hospitals in San Antonio. San Antonio Locations Teresa L. Corbin, CCIM Jim Lundblad Office: 210.366.2222 Office: 210.366.2222 The information contained herein is believed to be accurate but is not warranted, as the information may change Mobile: 210.241.4686 Mobile: 210.602.5401 or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the [email protected] [email protected] property and recommends purchaser’s or tenant’s independent investigation. ENDURA ADVISORY GROUP // 6 FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT SITE PLAN / PLAT Vista Dr Vista San Antonio Locations San Pedro Ave Teresa L. Corbin, CCIM Jim Lundblad Office: 210.366.2222 Office: 210.366.2222 The information contained herein is believed to be accurate but is not warranted, as the information may change Mobile: 210.241.4686 Mobile: 210.602.5401 or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the [email protected] [email protected] property and recommends purchaser’s or tenant’s independent investigation. 7 // ENDURA ADVISORY GROUP MARKET OVERVIEW FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT SAN ANTONIO, TEXAS The San Antonio-New Braunfels Metropolitan Statistical Area (MSA) is comprised of eight counties spanning nearly 7,400 square miles across South Central Texas. San Antonio is the largest city in Bexar County, serving as the county seat. The city is centrally located on the Interstate 35 corridor, one of the fastest-growing regions in the country and the lifeline for North American trade. Half of the nation’s trade either originates in or is destined for Texas - with most goods passing through the San Antonio region. San Antonio’s strategic location in South Central Texas has made the city an economic hub for the region. In 2018, Forbes dubbed San Antonio one of America’s Fastest Growing Cities due to its outstanding demographics, education levels, personal income and job growth. Likewise, in 2020, the Milken Institute named San Antonio one of its Best Performing Cities. The Alamo City is a desirable place to due business due to its location in the central time zone, a low cost of living, favorable tax structure, and a young, bilingual workforce. Over the last ten years, San Antonio’s economy has diversified and now features a healthy mix of business services, health care, government/defense, information technology, manufacturing, and a robust leisure and tourism industry. In addition, the city hosts five Fortune 500 company headquarters, as well as numerous corporate and regional offices, and premier government agencies. Teresa L. Corbin, CCIM Jim Lundblad Office: 210.366.2222 Office: 210.366.2222 The information contained herein is believed to be accurate but is not warranted, as the information may change Mobile: 210.241.4686 Mobile: 210.602.5401 or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the [email protected] [email protected] property and recommends purchaser’s or tenant’s independent investigation. ENDURA ADVISORY GROUP // 8 FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT FULLY NNN MEDICAL OFFICE BUILDING INVESTMENT MARKET OVERVIEW MARKET OVERVIEW SAN ANTONIO, TEXAS POPULATION With a population of more than 1.5 million people, San Antonio is the 7th largest city in the United States, and one of the fastest-growing cities in the country.