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    Cornerstone Shopping Ctr San Antonio, TX 78223

    For Sale
    Contact for pricing

    High-traffic retail space, NNN lease

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional income-producing retail condominium, totaling 4,000 square feet, is located in the highly desirable Cornerstone Shopping Center in San Antonio, Texas (zip code 78223). Situated on the northern rim of Loop 1604, just west of Stone Oak Parkway, this property benefits from exceptional visibility and convenient access to major thoroughfares. The unit is currently leased to Jerusalem Grill, a full-service Mediterranean/Middle Eastern restaurant, under a NNN lease expiring May 29, 2028, with two 60-month renewal options. The property enjoys a prime location within a thriving retail center, surrounded by affluent neighborhoods such as Stone Oak and Sonterra. Co-tenants include established businesses like Billiard Factory and IHOP, ensuring a strong tenant mix and consistent foot traffic. The center offers ample parking for customers and employees. Annual traffic counts on Loop 1604 (east of Stone Oak) reached 125,841 vehicles in 2022, and near West Bitters Road, 116,008 vehicles. This investment opportunity presents a compelling combination of strong tenant occupancy, a desirable location, and significant growth potential in one of San Antonio's most upscale areas.

    Property Features for 0 Cornerstone Shopping Ctr

    General Information

    Property type
    Retail properties

    HighLights

    • 4,000 SF retail condo in the Cornerstone Shopping Center, San Antonio, TX (78223).
    • Strong tenant mix including Billiard Factory and IHOP.
    • Abundant parking.
    • Excellent access to Loop 1604.
    • 2022 traffic counts: 125,841 vehicles (Loop 1604 east of Stone Oak); 116,008 vehicles (Loop 1604 near W. Bitters Rd).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4074573
    Latitude
    29.3037971

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, NNN lease
    Where is this retail property located?
    The property is located at Cornerstone Shopping Ctr San Antonio, TX.
    What are key features of this property?
    This property features: 4,000 SF retail condo in the Cornerstone Shopping Center, San Antonio, TX (78223).; Strong tenant mix including Billiard Factory and IHOP.; Abundant parking.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Cornerstone Shopping Ctr San Antonio, TX 78223
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