5501 Blanco Rd San Antonio, TX 78216
- Lifestyle centers
- 9,661 SF
- 0.95 lot acres
Current Use by Public Records
- PAWSitively Sweet Bakery / Pet Supply Store / Pet Store
Property Details for 5501 Blanco Rd
- Year built
- 1965
- Lot size
- 0.95 lot acres
- Property size
- 9,661 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
- APN
- 284375
Description
This exceptional San Antonio retail investment opportunity presents a 9,661 square foot shopping center situated on a prominent 0.95-acre corner lot at 5501 Blanco Rd, zip code 78216, in Bexar County, Texas. The property, comprised of two single-story buildings, boasts 100% occupancy with eleven tenants under short-term gross leases, presenting a significant value-add opportunity to convert to NNN leases. Built in 1965 and extensively renovated in 2019 (exterior) and 2021 (parking lot), the property features a new TPO roof installed in 2020. The property is zoned CSS - Commercial Store Site and offers excellent visibility and traffic exposure at the hard corner of Blanco and Jackson Keller Roads. The asking price is $2,100,000, representing a compelling $217.37 per square foot and a 7.43% capitalization rate based on a Net Operating Income (NOI) of $156,000. Note that the adjacent building is not included in this sale. A cross-access agreement will need to be negotiated with the seller to ensure access for both parties. This property offers a strong cash flow with potential for significant upside through lease restructuring and future rent bumps.
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
- -98.507512314581
- Latitude
- 29.502837463713
