11880 San Antonio Texas 78245 San Antonio, TX 78245

Property Details for 11880 San Antonio Texas 78245

Year built

2021

Lot size

1.78 lot acres

Property size

14,442 SF

Property type

Neighborhood centers

Property subtype

Retail properties

Description

This exceptional 14,442 square foot retail strip center, built in 2021, boasts a 100% occupancy rate and a strong net operating income (NOI) of $437,448, representing a compelling 7.00% capitalization rate. Located at 11880 U.S. Hwy. 90, San Antonio, Texas 78245, this single-building property sits on a 1.78-acre lot in the rapidly growing West Side of San Antonio, Bexar County. The property benefits from excellent visibility and multiple access points from the high-traffic U.S. Highway 90, ensuring significant exposure to a large customer base. This prime location is surrounded by new residential developments, including single-family homes and apartment complexes, as well as major retail establishments, creating a thriving commercial environment. The West Side of San Antonio is experiencing exceptional growth, with 49% of the 43 fastest-selling subdivisions located in this area. Further fueling this growth is the addition of 700 new lots to the Luckey Ranch development, ultimately adding 3,000 new homes. The construction of a new 1 million square foot Amazon fulfillment center nearby will bring an additional 1,500 jobs to the area, further enhancing the property's long-term value and potential. This is a NNN leased, multi-tenant property presenting a rare opportunity for investors seeking a high-performing asset in a dynamic market. The asking price is $6,249,257.14.