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San Antonio Shopping Center For Sale
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8315 Bandera Rd, San Antonio, TX 78250

Value-add shopping center with upside potential in San Antonio, Texas.

Property Size194,501 SF
Lot Size18.30 Acres
Days on Market240

Property Features for 8315 Bandera Rd

General Information

Standard status Pending
Size 194,501 SF
Lot size 18.30 Acres
Property subtype Retail
Occupancy 84%
Investment Type Value Add

Building Details

Year Built 1988
Buildings 4
Tenancy Multi
Listing Agency: Marcus & Millichap - Dallas
Listed By: Philip Levy · License #TX 522087
Source: Crexi
Added: Feb 20 Changed: Oct 8 Last Checked: Oct 16 at 9:22AM

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 Marcus & Millichap - Dallas

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Investment Insights

Based on property information with market context.

Bandera Festival Shopping Center is a 194,501-square-foot multi-tenant community shopping center in San Antonio, Texas. The center is anchored by Crunch Fitness and Dollar Tree, and features a mix of retail, medical, and government businesses with staggered lease expiration dates, and most include scheduled rent increases. The property is 84 percent occupied, and 65 percent of the gross leasable area has triple-net leases. The shopping center consists of two multi-tenant buildings and one single-tenant building on a ground lease with Taco Cabana, situated on an 18.3-acre parcel with paved parking. A double-sided monument sign provides additional exposure. The property is located at the intersection of Bandera Road and Guilbeau Road, with access from multiple ingress and egress points from both streets, with traffic counts of approximately 56,150 vehicles per day. The property is shadow-anchored by H-E-B and catty corner from Walmart Supercenter. Numerous national and regional retailers are nearby, including Buffalo Wild Wings, McDonald's, Advance Auto Parts, KFC, Wendy's Popeyes Louisiana Kitchen, KFC, Valvoline Instant Oil Change, Chase Bank, Goodwill, O'Reilly Auto Parts, T-Mobile, Fantastic Sam's, Chipotle Mexican Grill, and Burger King. Bandera Festival Shopping Center is approximately eight miles from The University of Texas at San Antonio campus, Valero corporate office, and USAA headquarters. The surrounding area has a population of more than 338,730 within a five-mile radius. The average household income is $90,352 within one mile; $89,269 within three miles; and $83,508 within five miles.

Key Highlights

  • Value‑add opportunity with 84% occupancy and 65% of GLA under triple‑net leases, offering significant upside potential.
  • Anchored by Crunch Fitness and Dollar Tree with a diverse mix of retail, medical, and government tenants.
  • Located at a high‑traffic signalized intersection (56,150 VPD) with multiple access points and excellent visibility via a double‑sided monument sign.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$2,603,637
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,072,740 $52.1M
Cap Rate 7%
$37,194,814 $37.2M
Cap Rate 9%
$28,929,300 $28.9M
Market Conditions
NOI Build-Up for 194,501 SF
Gross rent
$3.87M $19.92/SF
− Vacancy
−$155.0K −$0.80/SF
EGI
$3.72M $19.12/SF
− OpEx
−$1.12M −$5.74/SF
NOI
$2.60M $13.39/SF
Area
San Antonio, TX
Vacancy
4.00%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,072,740
Cap Rate 7%
$37,194,814
Cap Rate 9%
$28,929,300

Alternative Uses

Best Use
Retail
$37.19M
$32.55M – $43.39M (±1% cap)
NOI $2,603,637 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$49.61M
$43.41M – $57.88M (±1% cap)
NOI $3,472,973 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Taco Cabana Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Building Supply Grocery & Convenience Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

559
Businesses Nearby
Balanced
Demand for This Use

Demographics for 78250, TX

54,933
Population
20,503
Households
2.7
Avg Household Size
37
Median Age
33%
College-Educated
93%
High-School Grad
9.4 sq mi
ZIP Area
5,844
Density / Sq Mi
$80,289
Median Household Income
$41,047
Median Earnings
$1,470
Median Rent
$221,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in San Antonio, TX

6.9% 2019
7.6% 2020
6.7% 2021
5.3% 2022
5.3% 2023
5.9% 2024
6% 2025

Similar Off Market Nearby

  • Coinstar Kiosk - Bitcoin ATM — 7951 Guilbeau Rd H.E.B, San Antonio, TX 78250
  • Coin Cloud Bitcoin ATM — 7951 Guilbeau Rd, San Antonio, TX 78250
  • Bandera Festival Shopping Center — 8425 Bandera Rd, San Antonio, TX 78250
  • DMV — 7663 guilbeau rd, san antonio, tx 78250
  • BANDERA Location — 8407 Bandera Rd, San Antonio, TX 78250

Frequently Asked Questions

What type of property is this?
Shopping center - Value-add shopping center with upside potential in San Antonio, Texas.
Where is this shopping center located?
The property is located at 8315 Bandera Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $35,000,000.
What are key features of this property?
This property features: Value‑add opportunity with **84% occupancy and 65% of GLA under triple‑net leases**, offering significant upside potential.; Anchored by **Crunch Fitness and Dollar Tree** with a diverse mix of retail, medical, and government tenants.; Located at a **high‑traffic signalized intersection (56,150 VPD)** with multiple access points and excellent visibility via a double‑sided monument sign.
(972) 755-5225 Call to check price and availability
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