17315 Frontage Rd San Antonio, TX 78257

Property Details for 17315 Frontage Rd

Year built

2024

Lot size

1.55 lot acres

Property size

7,250 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a newly constructed (2024), 7,250 square foot, multi-tenant retail building situated on a 1.55-acre lot in San Antonio, Texas. Located at 17315 W. Interstate 10 Frontage Rd, this property benefits from its prime location within the highly successful RIM Shopping Center, a premier power center attracting over 7.16 million visitors annually. The property features two established quick-service restaurant (QSR) tenants, Taco Palenque and Via 313 Pizzeria, both operating under long-term, 15-year triple-net (NNN) leases with built-in rent bumps. Taco Palenque's lease includes a 3% annual rent increase, while Via 313's lease features a 10% increase every five years. The property boasts 100% occupancy and a strong net operating income (NOI) of $493,750, resulting in a 6.00% cap rate. The asking price is $8,229,000. Each tenant has a 5-year lease option for renewal, three times. The property's strategic location, high traffic counts (Interstate 10 and La Cantera Parkway), and strong tenant base make it an attractive investment with significant long-term growth potential. The property is zoned for commercial use and has an APN of 14747-002-0051. This is a rare opportunity to acquire a high-performing asset in a thriving retail market.