431-459 Mccarty Rd San Antonio, TX 78216

Property Details for 431-459 Mccarty Rd

Year built

1975

Lot size

2.51 lot acres

Property size

31,255 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 31,255-square-foot shopping center in San Antonio, Texas presents a compelling value-add investment opportunity. Boasting a 78% occupancy rate across 14 tenants, the property features a diverse mix of restaurants and service-oriented businesses, all operating under triple-net leases. Currently generating a 7.19% cap rate based on a Net Operating Income (NOI) of $362,045, a pro-forma analysis projects a significant increase to an 11.07% cap rate and $557,232 NOI, driven by below-market rents. Built in 1975, this single-story, fee-simple owned property sits on a 2.507-acre lot at 431-459 McCarty Rd, San Antonio, TX 78216. Its prime location benefits from high traffic counts on San Pedro Ave (38,224 vehicles per day) and Loop 410 (over 240,000 vehicles per day), with close proximity to major retailers like Target and Best Buy, and a strong demographic profile featuring an average household income exceeding $84,000 within a three-mile radius. The property also benefits from a well-positioned, grandfathered sign providing excellent visibility. San Antonio's robust economy, fueled by tourism and diverse industries, further enhances the investment potential of this property. This is a rare chance to acquire a well-located, multi-tenant retail center with significant upside potential. The asking price is $5,035,426.