USPS ALAMO HEIGHTS NEW 15-YEAR ABSOLUTE NET GROUND LEASE (2020 CONSTRUCTION) UNITED STATES POSTAL SERVICE GUARANTEE - LoopNet
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REPRESENTATIVE PHOTO USPS ALAMO HEIGHTS NEW 15-YEAR ABSOLUTE NET GROUND LEASE (2020 CONSTRUCTION) UNITED STATES POSTAL SERVICE GUARANTEE SAN ANTONIO, TX
REPRESENTATIVE PHOTO
Contact the
team
RICK SANNER
rsanner@capitalpacific.com
PH: 415.274.2709
CA DRE# 01440360
IN CONJUNCTION WITH
TX LICENSED BROKER:
Peter Ellis
PH: 210.325.7578
peter.e@sbcglobal.net
This information has been secured from sources we believe
to be reliable but we make no representations or warranties,
expressed or implied, as to the accuracy of the information.
Buyer must verify the information and bears all risk for any
inaccuracies.
2
Investment Summary
SUBJECT PROPERTY - UNDER CONSTRUCTION USPS - ALAMO HEIGHTS
1107 AUSTIN HIGHWAY, SAN ANTONIO, TX 78209
$2,824,000 4.25%
PRICE CAP
NOI: $120,000
LEASE TYPE: GROUND LEASE
LEASE TERM: 15 YEARS
LEASABLE AREA: 33,192 SF
BUILDING AREA: 5,741 SF
YEAR BUILT: 2020
ABSOLUTE NET 15-YEAR LEASE
UNITED STATES POSTAL SERVICE
GUARANTEE
This information has been secured from sources we believe to be reliable but we
make no representations or warranties, expressed or implied, as to the accuracy of the
information. Buyer must verify the information and bears all risk for any inaccuracies.
3
REPRESENTATIVE PHOTO
Investment Highlights
THE OFFERING HIGHLIGHTS
The subject property is a brand new 15-year absolute net ground • New Construction – Relocation facility
lease to the United States Postal Service. The lease features zero • 15-year absolute net ground lease
landlord maintenance or expense responsibilities, a 10% bump in • Guaranteed by the United States Postal Service
year 11, as well as six 5-year renewal options. The 5,741 square foot • Over 838 million retail customer visits recorded in 2018
building is located on a 33,192 square foot parcel and features 36 (USPS)
parking spaces on site, as well as, an additional 8 spaces off-site. • Essential to the U.S. Economy – (40% of the world’s mail)
The lease is guaranteed by the USPS, which services 40% of the
world’s mail with an operating revenue in excess of $70 billion.
DESIRABLE LOCATION
Located on the northeast side of San Antonio and just 6 miles from
• Prime real estate in the trophy Alamo Heights
downtown, Alamo Heights is one of San Antonio’s most affluent
neighborhood
communities with average incomes reaching over $124,000. Alamo
• Fronts Austin Highway – 6 miles from downtown San
Heights is centrally located and highly connected to the main
Antonio
industries in San Antonio. Fronting Austin Highway the parcel
• Main arterial - Nearby tenants include Walmart, Lowe’s
features easy ingress and egress points making it ideal for a post
and Target
office. The area has a diverse housing selection and is surrounded by
• High Average Incomes over $124,000 in a 1-mile radius
residences ranging from luxury apartments complexes to expansive
mansions. Austin Highway is the major retail corridor within the area
and features nearby national brands such as Walmart, Target and This information has been secured from sources we believe to be reliable but we make no
HEB. representations or warranties, expressed or implied, as to the accuracy of the information. Buyer 4
must verify the information and bears all risk for any inaccuracies.
REPRESENTATIVE PHOTO
Income & Expense
PRICE $2,824,000
Capitalization Rate: 4.25%
Total Rentable Area (SF)1 33,192
STABILIZED INCOME PER SQUARE FOOT
Scheduled Rent $3.62 $120,000
Effective Gross Income $3.62 $120,000
LESS PER SQUARE FOOT
Taxes NNN $0.00
Insurance NNN $0.00
Total Operating Expenses NNN $0.00
EQUALS NET OPERATING $120,000
1 - The building within the premises is approximately 5,741 square feet.
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
5
Rent Roll
TENANT INFO LEASE TERMS RENT SUMMARY
CURRENT MONTHLY YEARLY MONTHLY YEARLY
TENANT NAME SQ. FT. TERM
RENT RENT RENT RENT/FT RENT/FT
USPS1 33,192 09/01/19 08/31/29 $120,000 $10,000 $120,000 $0.30 $3.62
09/01/29 08/31/34 $11,000 $132,000 $0.33 $3.98
Option 1 09/01/34 08/31/39 Market Value
Option 2 09/01/39 08/31/44 Market Value
Option 3 09/01/44 08/31/49 Market Value
Option 4 09/01/49 08/31/54 Market Value
Option 5 09/01/54 08/31/59 Market Value
Option 6 09/01/59 08/31/64 Market Value
TOTALS: 33,192 $120,000 $10,000 $120,000 $0.30 $3.62
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
6
Site Plan
FENCING
SIGN
33,192
RENTABLE SF
EN AR LEX
APOMP
C
TR TM
AN
CE ENT
FO
R
5,741 SIGN
E MEADOWLAND DRIVE
BUILDING SF
SIGN 368
Y
H WA
HIG
IN 368
36 U ST
A
SPACES
Y
368 H WA
HIG
IN
U ST
A
368
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
7
Tenant Overview
ABOUT USPS
The United States Postal Service is a self-supporting,
independent federal agency employing over 634,000
people across the globe. It is the only delivery service
that reaches every address in the nation: 155 million
residences, businesses and Post Office Boxes. The Postal
Service receives no tax dollars for operating expenses and
relies on the sale of postage, products and services to fund
its operations.
Forty-seven percent of the world’s mail volume is handled
by the Postal Service. In 2018 the Postal Service had $70.6
billion in operating revenue and $12.7 billion in retail
revenue. There are 31,600 Postal Service-managed
retail Post Offices in the United States with over 838.7
million retail customer visits recorded in 2018.
31,600+ RETAIL POST OFFICES
IN THE U.S.
$70B+
OPERATING REVENUE
REPRESENTATIVE PHOTO
This information has been secured from sources we believe to be reliable but we make no representations or
warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and 8
bears all risk for any inaccuracies.
Surrounding Retail
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
9
Adjacent Housing
THE REPUBLIC AT ALAMO HEIGHTS is a 278-unit luxury apartment
complex built in 2014. The complex features studio, one bedroom, two
bedroom and three bedroom units with high-end amenities including a
278 6.6 93%
resort style pool, fantastic fitness center, and outdoor space including a
zen garden. Located directly behind the subject property along Austin APARTMENT ACRE AVERAGE
UNITS COMPLEX OCCUPANCY
Highway, the complex has an average occupancy rate of 93%. In 2019, RATE
the Republic at Alamo Heights had an assessed value of $42.6 million.
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
10Retail Aerial
FORT SAM
HOUSTON
SOUTHWEST
PREPARATORY
SCHOOL
JENNY’S NAILS
& SPA
REGENCY
INN
10,507
VPD
AU
ST
IN
HIG
HW
AY
REPUBLIC 368
AT ALAMO
HEIGHTS
APARTMENTS
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed 11
or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.Retail Aerial
FORT SAM
HOUSTON DOWNTOWN
SAN ANTONIO
AUSTIN
HIGHWAY
TRANSMISSION
THE CASCARON
RUB A DUB STORE
CAR WASH
PETTY
RANCH
ALAMO HEIGHTS SUN MOTEL
INDEPENDENT
SCHOOL SANDS MOTEL
E ME
ADO
WLA
NE D
RIVE
AY
10,507
W
VPD
GH
HI
IN
ST
AU
368
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed 12
or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.148,539 SAN
Zoomed-In Aerial
VPD ANTONIO
HARRY WURZBACH ROAD
CITY
281 CENTER 368
CHRISTUS ELEMENTARY
SANTA ROSA SCHOOL
HOSPITAL SCHOOL
MIDDLE
SCHOOL
23,800
GOLF VPD AY
COURSE
H W
G
HI
I N
ST
AU 10,507
E BA 33,341
SSE
ROA VPD VPD
281 D
SCHOOL
GOLF
COURSE
BROADWAY STREET
HIGH
SCHOOL
ELEMENTARY
SCHOOL
ACADEMY
368
MCNAY
ART
ELEMENTARY
SCHOOL 190,033
MUSEUM
VPD 410
CITY OF
ALAMO
281 HEIGHTS RITTIMAN ROAD
SCHOOL
AY
HWIN
MIDDLE
SCHOOL
HIAGUST
SPORTS
COMPLEX
FORT SAM 18,113
HOUSTON VPD
ELEMENTARY
JOINT BASE
AD
SCHOOL
RO
160,853
H
VPD
AC
UNIVERSITY
ZB
OF THE 82,520
UR
281
INCARNATE VPD
WORD
368
27,100 W
410
VPD
RY
ELEMENTARY
OLD BAMC GOLF SCHOOL SPORTS
COMPLEX
HOSPITAL
R
COURSE
HA
STADIUM
TRINITY
UNIVERSITY
GOLF
E HILDEBRAND AVENUE
COURSE
SAN
ANTONIO
T
ALAMO
MILITARY
EE
STADIUM
NATURAL MEDICAL
R
HISTORY
CENTER
ST
MUSEUM
SAN
AY
BOTANICAL
ANTONIO GARDEN
ZOO
DW
GOLF
281 COURSE
OA
This information has been secured from sources we believe to be reliable but we make no representations 410 13
BR
or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information
368 and bears all risk for any inaccuracies.Zoomed-Out Aerial
35
THE
UNIVERSITY
OF TEXAS SAN
SAN ANTONIO NORTHEAST
ANTONIO 10
INT’L LAKEVIEW
COLLEGE
AIRPORT
190,033 METHODIST
VPD HOSPITAL
NORTHEAST
JBSA
UNIVERSITY
HOSPITAL RANDOLPH
AFB
410
368
410
IN
ST AY 38,237
AUGHW
SANTA
ROSA
HI
35
VPD
NORTHWEST HOSPITAL
VISTA TRINITY
COLLEGE WESTOVER UNIVERSITY
HILLS METHODIST
HOSPITAL 10 FORT SAM
ST. MARY’S
TEXSAN HOUSTON 10
UNIVERSITY SAN JOINT
ANTONIO
COLLEGE
BASE
410
OUR
35
257,891 LADY OF
THE LAKE
UNIVERSITY
368 410
VPD UNIVERSITY 35
OF TEXAS ST. PHILLIPS
MEDICINE COLLEGE
10
LACKLAND JBSA 10
AFB KELLY FIELD
ANNEX 90
190,033 410
VPD
90
35 37
MISSION
TRAIL
410 BAPTIST
HOSPITAL
PALO ALTO
COLLEGE
16,820 410
VPD
2,790 37
35 VPD
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed 14
or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.Demographics
SAN ANTONIO
INTL AIRPORT
CASTLE HILLS
POPULATION
.5-MILE 1-MILES 2-MILES
SUBJECT
2010 2,949 12,954 43,163 BALCONES PROPERTY
HEIGHTS
2019 3,690 12,527 44,287
FORT SAM
2024 4,022 13,865 47,570 HOUSTON
BASE
2019 HH INCOME
.5-MILE 1-MILES 2-MILES
DOWNTOWN
Average $117,673 $124,464 $116,075 SAN ANTONIO
Median $67,684 $77,900 $74,161 (6 MILES)
LACKLAND
AIR FORCE
SAN ANTONIO MSA TOP EMPLOYERS BASE
EMPLOYER # OF EMPLOYEES
Joint Base San Antonio 80,165
USAA 15,000
H-E-B 14,588
THE AVERAGE HOUSEHOLD
Northside School District 12,751
INCOME WITHIN A 1-MILE RADIUS
City of San Antonio 9,145
IS OVER $124K
This information has been secured from sources we believe to be reliable but we make no representations or
warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and 15
bears all risk for any inaccuracies.Alamo Heights Neighborhood
ALAMO HEIGHTS is a premier neighborhood in central San Antonio, featuring
great restaurants, top-rated public schools, close proximity to downtown, and
countless other amenities. Alamo Heights is its own municipality located just
4.5 miles north of downtown San Antonio. It is surrounded by San Antonio,
the seventh largest metropolitan area in the U.S., and is adjacent to the
cities of Terrell Hills and Olmos Park. The city encompasses a total area of
2.1 square miles, and has nearly 9,000 residents within its borders.
MCNAY ART MUSEUM
The affluent neighborhood is known for its tree lined streets and quaint
cottage districts. Located along the main stretch of Broadway, Alamo Heights
boasts colorful boutiques, upscale eateries and family-friendly attractions
including the McNay Art Museum.
With 95.5% of its high school students heading to college after graduation,
the Alamo Heights Independent School District routinely wins local and
national awards for the quality of its education.
Alamo Heights is easily accessible and close to major amenities such as
downtown San Antonio, the San Antonio International Airport, multiple
museums, business centers, the San Antonio Zoo and Fort Sam Houston THE QUARRY GOLF COURSE
Base.
“TOP 1% OF HIGH SCHOOLS IN THE U.S” – NEWSWEEK
#75 AMERICA’S 100 RICHEST PLACES
TOP INDUSTRIES INCLUDE, BUSINESS/FINANCE MANAGEMENT,
AND HEALTHCARE
AVERAGE HOUSEHOLD INCOME OVER $120,000
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or 16
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. SAN ANTONIO ZOOSAN ANTONIO,
Location Overview
TEXAS
DOWNTOWN SAN ANTONIO
SAN ANTONIO is seventh most populous city in the U.S., and the ABOUT TOURISM contributes substantially to
second most populous city in Texas. Home to numerous historical TOURISM the city’s economy, with over 32 million
and cultural sites, including The Alamo; the world famous River tourists visiting every year. Tourism also
Walk, and Sea World, among many other attractions. employs 122,500 people and has an
annual economic impact of over $13.4 billion on the local
The city also has one of the largest concentrations of military economy. The two biggest attractions are the San Antonio
bases in the U.S. The defense industry in San Antonio employs River Walk and the Alamo which are located in downtown,
over 190,000 and provides a $27.7 billion regional economic surrounded by historical hotels, tourist attractions and
impact. San Antonio is home to Fort Sam Houston, Lackland Air souvenir shops.
Force Base, Randolph Air Force Base, and Brooks City-Base, with
Camp Bullis and Camp Stanley outside the city. These bases
make up what is known as Joint Base San Antonio (JBSA). JBSA 2,473,974 This information has been secured from
sources we believe to be reliable but we make
services more Department of Defense students than any other no representations or warranties, expressed or
implied, as to the accuracy of the information.
installation, houses the DoD’s largest hospital, and supports more SAN ANTONIO MSA Buyer must verify the information and bears all
risk for any inaccuracies.
than 250,000 personnel. POPULATION
(ESTIMATED) 17Contact us.
RICK SANNER
rsanner@capitalpacific.com
PH: 415.274.2709
CA DRE# 01440360
IN CONJUNCTION WITH
TX LICENSED BROKER:
Peter Ellis
PH: 210.325.7578
peter.e@sbcglobal.net
CAPITALPACIFIC.COM
Copyright © 2020 Capital Pacific Partners
CAPITAL PACIFIC COLLABORATES.
CLICK HERE TO MEET OUR
This information has been secured from sources we believe to be reliable but we make no representations or warranties,
expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any SAN FRANCISCO TEAM.
inaccuracies.11-2-2015
Information About Brokerage Services
Texas law requires all real estate license holders to give the following information about
brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:
.
A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
Put the interests of the client above all others, including the broker’s own interests;
Inform the client of any material information about the property or transaction received by the broker;
Answer the client’s questions and present any offer to or counter-offer from the client; and
Treat all parties to a real estate transaction honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the
owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum
duties above and must inform the owner of any material information about the property or transaction known by the agent, including
information disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a
written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any
material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or
seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written
agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or
underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:
Must treat all parties to the transaction impartially and fairly;
May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and
buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.
Must not, unless specifically authorized in writing to do so by the party, disclose:
ᴑ that the owner will accept a price less than the written asking price;
ᴑ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and
ᴑ any confidential information or any other information that a party specifically instructs the broker in writing not to
disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the
buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
The broker’s duties and responsibilities to you, and your obligations under the representation agreement.
Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for
you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.
Licensed Broker /Broker Firm Name or License No. Email Phone
Primary Assumed Business Name
Designated Broker of Firm License No. Email Phone
Licensed Supervisor of Sales Agent/ License No. Email Phone
Associate
Sales Agent/Associate’s Name License No. Email Phone
Buyer/Tenant/Seller/Landlord Initials Date
Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov
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