3811 Blanco RdSan Antonio, TX 78212

This exceptional San Antonio retail property, located at 3811 Blanco Road in Bexar County, Texas, offers a compelling investment opportunity. The 50,000-square-foot, single-story building features a diverse mix of eight tenants, currently operating at 80% occupancy. Built in 1956 and extensively renovated in 2023, the property boasts a strong Net Operating Income (NOI) of $312,649, with a pro-forma NOI of $396,649, reflecting a 7.11% cap rate and a pro-forma cap rate of 8.53%. The asking price is $4,400,000, translating to $88 per square foot. The property sits on a 3.349-acre lot, with a land value of $10 per square foot, and provides ample parking (228 spaces per 1,000 square feet). The lease type is NNN, with rent bumps included. This multi-tenant retail center is classified as Class C and benefits from its location in the thriving San Antonio MSA. The property's tenant mix includes a nightclub, a tortilleria, a ballroom, and a Honduran restaurant, contributing to a vibrant community atmosphere. This investment presents a strong current return with significant upside potential for future growth. The property's strategic location and diverse tenant base make it an attractive investment for discerning buyers. The property's address is 3811 Blanco Rd, San Antonio, TX 78212. The APN is 09737-013-0080.