Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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