Investor Acquires Retail Property Ground Lease At 23234 US Highway 281 In San Antonio

A private investor acquired a newly constructed 2,961-square-foot PNC Bank ground lease property at 23234 U.S. Highway 281 in San Antonio, Texas. The property encompasses 1.12 acres and features a new 20-year ground lease with scheduled 10% rent increases every five years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 23234 US Highway 281
• Market: San Antonio, TX
• Asset Size: 2,961 SF
• Acres: 1.12
• Broker Representatives: Vincent Knipp, Ryan Wolf & Jonathan Neve - Marcus & Millichap

Marcus & Millichap’s Vincent Knipp, Ryan Wolf, and Jonathan Neve represented the seller in the transaction and procured the buyer for the property, reflecting the continued interest in ground lease investments within the retail sector.