1618 Veterans Blvd San Juan, TX 78589

This exceptional 23,700 square foot shopping center in San Juan, Texas, presents a compelling investment opportunity. Built in 2005 on a 2.49-acre lot, the Class B property boasts 16 tenants under a net lease arrangement, generating a substantial net operating income (NOI) of $232,000, representing a 7.25% cap rate. The asking price is $3,200,000, translating to $135.02 per square foot. Located at 1618 N Veterans Blvd, 78589, this single-story building benefits from a high-traffic location, with significant vehicle counts on nearby roadways. Detailed financials are available, including real estate taxes of $70,456, insurance costs of $35,000, and utility and maintenance expenses of $20,000. The property is zoned for general commercial use and offers significant potential for long-term growth in a rapidly expanding community with a projected population of 98,033 within a three-mile radius by 2024. This is a rare chance to acquire a well-established, multi-tenant retail property in a thriving Texas market.