8214 Farm-To-Market RdConverse, TX 78109

Exceptional investment opportunity: Santa Fe Plaza, a 12,200 square foot, Class B shopping center in Converse, TX, is offered at $4,800,000. This 100% occupied, multi-tenant property boasts six tenants on NNN leases with an average annual rent bump of 2.7%. Built in 2021, the single-story building sits on a 1.508-acre lot and features contemporary design and ample parking. The property generates a strong NOI of $308,640, resulting in a 6.43% cap rate. Located on Farm-To-Market Rd 78, a high-traffic thoroughfare, the center benefits from its proximity to Randolph Air Force Base, schools, and a rapidly growing residential population. Converse, Texas has experienced significant population growth in the last decade, creating a robust market for retail businesses. The property's strong tenant base, favorable lease terms, and prime location make it an attractive investment with significant upside potential. The property is zoned OCL and has a remaining lease term of four years. The property features a strong demographic profile within a 5-mile radius, boasting nearly 220,000 residents and an average household income of nearly $100,000.