6402-6410 Callaghan Road
Gross Leasable Area:
# of Tenants:
6402-6410 Callaghan Road, San Antonio, Texas 78229
IMMEDIATELY ACCESSIBLE OFF I-410
Direct access off Interstate 410 (193,917 VPD) at Callaghan Road, which provides average traffic counts of 30,267 vehicles per day. Minutes from the primary medical corridor, which includes the South Texas Medical Center, San Antonio’s University Hospital Health System, as well as the Audie L. Murphy VA Hospital and more.
DESIRABLE NORTHWEST SUBMARKET
Extremely dense residential population in the surrounding three-mile radius consists of nearly 160,000 residents. Very low 4.9% vacancy rate in this submarket with average NNN asking rents of $17.67 per square foot, significantly higher than the majority of the current tenancy of the Subject Property which averages $16.17 per square foot currently if viewed as an NNN leased investment.
EASE OF MANAGEMENT
Tenants responsible for all utilities directly, including electric, sewer and water. Current gross lease structure facilitates a minimal requirement of effort on the part of the Landlord.
NEW ROOF RECENTLY INSTALLED
Further reduction of Landlord requirements due to the recently replaced roof (2018). Brick exterior. Two points of ingress/egress at the front of the building plus additional parking in the back.
VALUE ADD INVESTMENT OPPORTUNITY
Near-term lease renewals and expiration dates enable an investor the opportunity to re-structure tenant leases consistent with higher surrounding submarket rents and increase NNN recovery associated with property taxes and insurance.