3600 Nogalitos St San Antonio, TX 78211
- Lifestyle centers
- 19,562 SF
- 1.56 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 3600 Nogalitos St
- Year built
- 2006
- Lot size
- 1.56 lot acres
- Property size
- 19,562 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Mission Plaza, a 19,562 square foot shopping center in San Antonio, Texas, presents a compelling investment opportunity. This multi-tenant property, built in 2006, boasts a 6.75% cap rate and a strong NOI of $302,975. Currently 100% occupied, the center features two buildings situated on a 1.56-acre lot at the highly visible northeast corner of Nogalitos Boulevard and Division Road, a signalized intersection with four entry/exit points experiencing over 30,000 vehicles daily. Anchored by a recently renewed Family Dollar and including nationally recognized tenants like Wingstop and Cricket, the center benefits from a densely populated area (over 122,000 people within a 3-mile radius). The property offers significant upside potential due to current rents below market value and built-in rent bumps. The NNN lease structure minimizes landlord responsibilities. This is a rare opportunity to acquire a well-located, high-performing retail center with exceptional visibility and growth potential. The asking price is $4,488,000, translating to $229.42 per square foot.
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
- -98.5296
- Latitude
- 29.38
