San Antonio Retail Investment
2310 SW Military Dr, San Antonio, TX 78224
NN leased Dick's Sporting Goods in San Antonio, Texas.
Type:Retail
Property size:
50,230 SFPrice / SF:
$174/SF- Added:
- Jan 28, 2026
- Days on Market:
- 151
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 2310 SW Military Dr
General Information
- Standard status
- Active
- Size
- 50,230 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1974
Listing office SRS Real Estate Partners Newport Beach
Listing date Jan 28, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
HighLights
- NN lease with limited landlord responsibilities: ideal for passive investors.
- Dick's Sporting Goods commitment: recently signed a 5‑year lease extension with 3 (5‑year) options to extend.
- Rental increases: lease features $0.50/SF/YR rental increases at the beginning of each option period.
- High traffic location: located near the intersection of Interstate 35 and SW Military Dr, with over 122,300 vehicles passing by daily.
- Part of South Park Mall: a 783,000+ SF shopping mall with national/credit tenants.
- Strong demographics: 5‑mile trade area supported by over 226,000 residents and 77,600 employees.
Overview
This is an opportunity to acquire a fee simple interest in a net-net (NN) leased Dick's Sporting Goods investment property in San Antonio, Texas. The tenant, Dick’s Sporting Goods, Inc., recently signed a 5-year lease extension with 3 (5-year) options to extend. The lease includes rental increases of $0.50/SF/YR at the beginning of each option period. The lease is NN with limited landlord responsibilities. The Dick’s Sporting Goods is located near the intersection of Interstate 35 and SW Military Dr, with a combined average of over 122,300 vehicles passing by daily. SW Military Dr is a major retail thoroughfare serving the city of San Antonio. The Dick’s is part of South Park Mall, a shopping mall with over 783,000 square feet, that also features national/credit tenants including Macy’s, JCPenney, Floor & Decor, Ulta Beauty, Starbucks, and Verizon. The asset is located in close proximity to a Home Depot anchored center that includes other national/credit tenants such as Ross, Five Below, Chick-fil-A, and IHOP. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Lowe’s, Academy, Sam’s Club, Target, H-E-B, Chipotle, and Dutch Bros. The asset is located in close proximity to South San Antonio High School, which has a student population of over 1,600. The 5-mile trade area is supported by a population of over 226,000 residents and 77,600 employees with an average household income of $64,107. The property size is 50,230 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.00M | $19.92 |
| − Vacancy | −$40.0k | −$0.80 |
| EGI | $960.6k | $19.12 |
| − OpEx | −$288.2k | −$5.74 |
| NOI | $672.4k | $13.39 |
50,230 SF · lease $19.92/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.61M
$8.40M – $11.21M
NOI $672,391 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.81M
$11.21M – $14.95M
NOI $896,897 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
IBC Bank ATM
Atm
Ali Back & Body
Alternative Medicine Practice
Hot Topic
T-Shirt Store
Nail Glamour
Nail Salon
Accuhealth Relax Center
Physician
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Comal
- State
- Texas
- Longitude
- -98.5311938
- Latitude
- 29.354353
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - NN leased Dick's Sporting Goods in San Antonio, Texas.
Where is this retail space located?
The property is located at 2310 SW Military Dr San Antonio, TX.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: NN lease with limited landlord responsibilities: ideal for passive investors.; Dick's Sporting Goods commitment: recently signed a 5‑year lease extension with 3 (5‑year) options to extend.; Rental increases: lease features $0.50/SF/YR rental increases at the beginning of each option period.
