2411 Interstate 410 Loop San Antonio, TX 78217

Property Details for 2411 Interstate 410 Loop

Year built

1982

Lot size

2.06 lot acres

Property size

31,503 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 31,503-square-foot multi-tenant retail center in San Antonio, Texas, presents a compelling value-add opportunity. Located on the Northeast Interstate 410 Loop (Connally Loop), it boasts high visibility and traffic counts exceeding 216,300 vehicles daily. Currently 86% occupied with eight tenants, including a diverse mix of service-oriented businesses, a restaurant, and medical services, the property offers significant potential for revenue growth through lease-up and rent increases. All leases are triple-net (NNN). Recent improvements include parking lot sealing and restriping, exterior painting, landscaping upgrades, and new LED lighting. The property sits on 2.06 acres and includes a monument sign. Its prime location near major retailers, Iron Horse Valley Apartments (464 units), Interstate 35, and San Antonio International Airport, combined with strong demographics (average household income $83,626 within a five-mile radius), makes this a highly attractive investment. Built in 1982, the property is priced at $4,611,000 ($146 per square foot), below replacement cost, and offers a 7.00% cap rate with a net operating income (NOI) of $322,801. The 15 units are spread across one building.