3905 San Pedro Ave San Antonio, TX 78212

This San Antonio shopping center presents a compelling investment opportunity. Located at 3905 San Pedro Ave, in Bexar County, TX 78212, this 18,371 square foot, single-story Class B property sits on a 0.64-acre lot and boasts a prime corner location at the intersection of Olmos and San Pedro Avenues, ensuring high traffic flow. The property features three tenant spaces, currently 50% occupied, with Gorditas Mi Torreon and Kush Gardens as existing tenants. The current Net Operating Income (NOI) is $116,800, with a pro-forma NOI of $331,200. The property is offered at $3,000,000, representing a current cap rate of 3.89% and a pro-forma cap rate of 11.04%. Built in 1960, the center benefits from a C-3 zoning designation and offers 30 parking spaces. The existing leases are Net (NNN) with a remaining term of approximately 5 years (Lease Commencement: 10/01/2021; Lease Expiration: 11/30/2029), featuring 5% rent bumps. The property's strategic location provides excellent access to the affluent Olmos and Alamo Heights neighborhoods, as well as major highways 281 and I-10. The three-section layout is ideal for a variety of retail and restaurant tenants. The property's strong location and potential for increased occupancy make it an attractive investment prospect.