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1626 Pat Booker Rd Universal City, TX 78148

For Sale
$2,560,640

16,800 SF Shopping Center, 7.5% Cap Rate

Property size:
16,800 SF

Description

Added:
Dec 11, 2024
Days on Market:
363
This exceptional investment opportunity presents a 16,800-square-foot shopping center in Universal City, Texas. Located at 1626 Pat Booker Rd, this single-story, 1968-built property sits on a 0.88-acre lot (APN: 05047-012-0280) and is zoned for retail use. Currently boasting 100% occupancy with eight tenants under staggered NNN leases with a remaining term of five years, this stabilized investment offers a strong net operating income (NOI) of $192,048, translating to a 7.5% capitalization rate. The asking price is $2,560,640, or $152.42 per square foot. The property benefits from high visibility and accessibility along Pat Booker Rd, experiencing daily traffic exceeding 35,000 vehicles. This prime location within the San Antonio MSA serves a substantial population with an average income of $103,768 within a five-mile radius. The absence of tenant options provides a potential for future rental increases, enhancing the long-term value and return on investment. This well-maintained asset offers a secure income stream and significant upside potential for discerning investors. The property features a multi-tenant configuration, ensuring diversification of income sources.

Property Features for 1626 Pat Booker Rd

General Information

Property type
Lifestyle centers
Square Feet
16,800 SF
Class
C
Lot Size
38,333 SF

Building Details

Year Built
1968
Buildings
1
Stories
1
Units
8

HighLights

  • $2,560,640 asking price for a stabilized, 16,800 SF Class C shopping center in Universal City, TX.
  • 100% occupancy with eight tenants on NNN leases, offering a 7.5% cap rate and $192,048 NOI.
  • Located at 1626 Pat Booker Rd, this single‑story, 1968‑built property sits on a 0.88‑acre lot.
  • Features staggered lease expirations and high visibility on a major retail thoroughfare with over 35,000 cars daily.
  • Strong demographics with over 211,000 residents within a 5‑mile radius and an average household income of $103,768.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Lifestyle centers

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Universal City
County
Bexar
State
Texas
Longitude
-98.305197190636
Latitude
29.552689697626

FAQs

What type of property is this?
Lifestyle center - 16,800 SF Shopping Center, 7.5% Cap Rate
Where is this lifestyle center located?
The property is located at 1626 Pat Booker Rd Universal City, TX.
What is the asking price?
The asking price for this property is $2,560,640.
What are key features of this property?
This property features: $2,560,640 asking price for a stabilized, 16,800 SF Class C shopping center in Universal City, TX.; 100% occupancy with eight tenants on NNN leases, offering a 7.5% cap rate and $192,048 NOI.; Located at 1626 Pat Booker Rd, this single-story, 1968-built property sits on a 0.88-acre lot.
More about this property
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