1739 Loop 410 San Antonio, TX 78227-1673
- Outlet malls
- 31,600 SF
- 2.30 lot acres
Current Use by Public Records
- Goodwill Store and Donation Station / Discount Store
- Wingstop / Restaurant
- Asia Kitchen / Restaurant
- SA Nails Spa (Offer 10% off greeting new Clients!) / Nail Salon
- Big Lots / Discount Store
Property Details for 1739 Loop 410
- Year built
- 1985
- Lot size
- 2.30 lot acres
- Property size
- 31,600 SF
- Property type
- Outlet malls
- APN
- 17302-037-0066
- APU
- 173020370066
Description
This exceptional investment opportunity presents a fee-simple, 36,295 square foot Big Lots convenience and grocery store in San Antonio, Texas. Located at 1739 SW Loop 410, Bexar County, zip code 78227 (29.4148496, -98.6513786), this property boasts a 20-year absolute NNN lease with a corporate guarantee from Big Lots, Inc. (NYSE: BIG). The lease features a 2% annual rent increase, ensuring consistent income growth. The current asking price is $4,522,128, representing a price per square foot of $124.59 and a 6.25% cap rate. The property generates a strong net operating income (NOI) of $282,633, with 100% occupancy. The substantial 99,982 square foot lot offers potential for future value-add opportunities, such as pad development, subject to tenant approval. The property is offered as a 1031 exchange opportunity and is free and clear of financing. This investment benefits from a strong tenant with a proven track record, a favorable lease structure, and a prime location within a high-income demographic area. The average population within three miles exceeds 144,000, with an average household income nearing $86,100. Within five miles, the population surpasses 333,000, and the average household income exceeds $93,000. This property represents a compelling investment opportunity with significant long-term potential.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $905,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,364,000
Market price range: $1.32M - $3.82M
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Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.651
- Latitude
- 29.4133
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA