2805 Thousand Oaks Dr San Antonio, TX 78232
- Retail properties
- 31,191 SF
- 3.40 lot acres
Current Use by Public Records
- Sport Clips Haircuts of Thousand Oaks & Jones Maltsberger / Barber Shop / Hair Salon
- Plaza At Thousand Oaks / Business Center
Property Details for 2805 Thousand Oaks Dr
- Year built
- 1985
- Lot size
- 3.40 lot acres
- Property size
- 31,191 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
The Plaza at Thousand Oaks, located at 2805-2897 Thousand Oaks Drive, San Antonio, TX 78232, presents a compelling investment opportunity. This single-story, 31,191 square foot retail center, built in 1985 and renovated in 2001, boasts a 92.4% occupancy rate across 11 tenants in 12 units. The property features a Net Lease (NNN) structure and is classified as a Class B stabilized investment. The pro-forma Net Operating Income (NOI) is $370,573. Situated on a 3.4-acre lot with C-2 & C-3 zoning, the plaza benefits from a high-traffic location at the intersection of Thousand Oaks Drive and Jones Maltsberger Road, just a short distance from US 281 and Loop 1604E. The strong consumer market is evidenced by 236,860 residents within a 3-mile radius, exhibiting an average household income of $112,856. The seller guarantees the single vacancy. Many tenants have occupied their spaces for over a decade, and the asking rents are below market average for comparable centers in the area. This presents a significant opportunity to acquire a well-established retail center below replacement cost in a rapidly growing area of San Antonio, the second-largest city in Texas. The property's strategic location and strong tenant base make it an attractive investment for both seasoned and new investors. The seller is motivated and ready to discuss your investment strategy.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.4426
- Latitude
- 29.5789
