778 Cibolo Valley Dr Cibolo, TX 78108

Property Details for 778 Cibolo Valley Dr

Year built

2023

Lot size

1.94 lot acres

Property size

18,446 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a fully leased, multi-tenant retail shopping center totaling 18,446 square feet situated on a 1.942-acre lot in Cibolo, Texas, zip code 78108. The property, built in 2023, consists of two buildings and boasts a diverse mix of seven tenants, including Heartland Dental, all under 10-year leases with built-in rent bumps. Located at 778 Cibolo Valley Dr, this center benefits from high visibility and accessibility, situated as an outparcel to a Walmart and adjacent to a new H-E-B development. The property enjoys a 6.35% cap rate and a strong net operating income (NOI) of $760,075, reflecting an asking price of $11,970,000 ($648.92 per square foot). The area demonstrates robust demographics, including a 4.43% annual population growth rate within a 1-mile radius, a daytime population of 94,116 within 5 miles, and an average household income of $128,891 within 1 mile. The property's design includes outdoor patio areas, and the building's flexible layout makes it adaptable to various uses. This investment offers a stable and diversified income stream with scheduled rent increases and significant potential for asset appreciation in a rapidly growing San Antonio suburb. The property is a NNN lease, meaning tenants are responsible for property management fees, creating a truly passive investment opportunity. This is a multi-tenant retail investment opportunity in one of San Antonio's fastest-growing suburbs.

Location Insight

City

Cibolo

County

Guadalupe

State

Texas

Longitude

-98.2376206

Latitude

29.5715951