NNN Pro Group is pleased to present the exclusive listing for a Guidepost Montessori located at 1623 N Loop 1604 W in San Antonio, TX. The site consists of roughly 10,400 rentable square feet of building space on estimated 1.40-acre parcel of land. This Guidepost Montessori is subject to a 20-year modified triple-net (NNN) lease, which commenced November 9, 2020. The current annual rent is $525,904 and is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ Long-Term, 20-Year Modified Triple Net (NNN) Lease
✓ Approximately 17.5 Years Remaining
✓ Two Percent (2%) Annual Rental Increase
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ 2020 Remodel/Rebrand
✓ Texas Has No State Income Tax
