Walmart-Adjacent Retail
9708 Business Pkwy, Helotes, TX 78023
For Sale
New
$9,097,000
Medical, dining, fitness and service businesses occupy the center under triple-net leases.
Property Size27,671 SF
Price / SF$328.76
Days on Market2
Property Features for 9708 Business Pkwy
General Information
Standard status
Size
Property subtype
Additional Details
Cap Rate
Tenant in Place
Amenities
ATTRACTIVE ASSUMABLE FINANCING | 9.26% CASH-ON-CASH RETURN
WALMART SHADOW-ANCHORED | 1.8 MILLION ANNUAL VISITS
DIVERSIFIED, SERVICE-ORIENTED TENANCY | PERSONAL GUARANTEES
BELOW-MARKET RENTS | FUTURE RENT GROWTH POTENTIAL
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy
(972) 755-5225
Source:
Marcusmillichap
Added: Nov 12
Last Checked: Nov 12 at 2:29PM
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.
Built in 2013, this 27,671-square-foot retail center in Helotes has tenants in medical, restaurant, fitness and service uses. Triple-net leases are in place, and personal guarantees support most of the tenant agreements.
A Walmart Supercenter sits adjacent to the property and draws approximately 1.8 million visits annually. The center is located at 9708 Business Parkway in Helotes, Texas.
A Walmart Supercenter sits adjacent to the property and draws approximately 1.8 million visits annually. The center is located at 9708 Business Parkway in Helotes, Texas.
Key Highlights
- 27,671‑square‑foot retail center built in 2013
- Adjacent to a Walmart Supercenter with approximately 1.8 million annual visits
- Tenant mix includes medical, restaurant, fitness and service businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$368,179
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,363,580
$7.4M
Cap Rate 7%
$5,259,700
$5.3M
Cap Rate 9%
$4,090,878
$4.1M
Market Conditions
NOI Build-Up for 27,671 SF
Gross rent
$547.9K $19.80/SF
− Vacancy
−$21.9K −$0.79/SF
EGI
$526.0K $19.01/SF
− OpEx
−$157.8K −$5.70/SF
NOI
$368.2K $13.31/SF
Area
Bexar County, TX
Vacancy
4.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,363,580
Cap Rate 7%
$5,259,700
Cap Rate 9%
$4,090,878
Alternative Uses
Best Use
Retail
$5.26M
$4.60M – $6.14M
NOI $368,179 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.49M
$6.55M – $8.74M
NOI $524,252 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 78023, TX
30,295
Population
10,050
Households
3
Avg Household Size
40
Median Age
56%
College-Educated
97%
High-School Grad
89.8 sq mi
ZIP Area
337
Density / Sq Mi
$129,701
Median Household Income
$60,568
Median Earnings
$1,570
Median Rent
$393,800
Median Home Value
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Market
Properties on Market for Shopping centers in Bexar County
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Medical, dining, fitness and service businesses occupy the center under triple-net leases.
Where is this shopping center located?
The property is located at 9708 Business Pkwy Helotes, TX.
What is the asking price?
The asking price for this property is $9,097,000.
What are key features of this property?
This property features: 27,671‑square‑foot retail center built in 2013; Adjacent to a Walmart Supercenter with approximately 1.8 million annual visits; Tenant mix includes medical, restaurant, fitness and service businesses
