Property Details for 714 W Loop 1604 N

Year built

2008

Lot size

9.41 lot acres

Property size

86,666 SF

Property type

Outlet malls

Property subtype

Shopping centers

APN

19400-069-0100

APU

194000690100

Description

This exceptional investment opportunity presents the fee simple interest in an 86,000 square foot Academy Sports + Outdoors, situated at 714 W Loop 1604 N in San Antonio, Texas. The property boasts a 20-year absolute NNN lease with approximately 4.6 years remaining, featuring four, five-year renewal options and attractive 1.5% annual rent escalations. Built in 2009 as a build-to-suit, Academy Sports + Outdoors has demonstrated a strong commitment to this location with over 15 years of successful operation. The property enjoys a prime location on Loop 1604, a high-traffic thoroughfare with 78,000 vehicles per day. Its adjacency to The Shoppes at Dove Creek, a top 1% nationally ranked shopping center (according to Placer.ai), further enhances its desirability. The surrounding area is densely populated, with over 1,140 apartment units in close proximity. The property sits on a 9.41-acre lot and generates a substantial net operating income (NOI) of $860,785, representing a compelling 6.85% cap rate. This offering presents a rare opportunity to acquire a stable, high-performing retail asset in a thriving San Antonio market, benefiting from significant population growth (51% within a 3-mile radius since 2010). The asking price is $12,570,000. This is a 100% occupied, credit-rated, corporate-guaranteed investment with minimal landlord responsibilities.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Longitude

-98.7093

Latitude

29.4391

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments