5810 Rocky Point Dr. San Antonio, TX

Matador acquired this property in September 2021, an opportunity that emerged from an introduction between Jeremy and a Dallas broker who had a relationship with the owner. The seller alerted us to their tenant's impending departure and expressed interest in selling, a move that fit perfectly with our I-35 corridor strategy. While under contract, we began marketing the property, which led to a lease agreement with a scaffolding tenant, signed simultaneously with the closing. This tenant was later acquired by a nationwide equipment and tool rental company with over 1,200 locations, enhancing the lease's creditworthiness. We were enthusiastic about this acquisition from the start, and it has met our projections for robust cash flow. Given the tenant's pedigree, coupled with the asset's size and strategic location, we anticipate sustained profitability.

• Size: 6,000 SF

• Land: 1.00 AC

• Tenant Type: Single