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Guidepost Montessori

San Antonio, Texas

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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

Key Details

Price:
$7,407,099
Cap Rate:
7.10%
Annual Rent:
$525,904
Address:
1623 N Loop 1604 W, San Antonio, Texas
Lease Type:
Modified Triple Net (NNN)

Lease Commencement:
November 9, 2020
Lease Expiration:
August 31, 2041
Lot Size:
1.4 Acres
Building Size:
10,400 SF
Year Built:
2010
Year Renovated:
2020
Tenant:
Guidepost Montessori

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Adam Friedlander

License: 10301213841

Edward DeMatteis

Broker of record

Brian Brockman

Bang Realty-Texas Inc.

License: 701472


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