For Sale
$6,249,257.14

11880 San Antonio Texas 78245San Antonio, TX 78245

High-traffic retail center, 7% cap rate

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional 14,442 square foot retail strip center, built in 2021, boasts a 100% occupancy rate and a strong net operating income (NOI) of $437,448, representing a compelling 7.00% capitalization rate. Located at 11880 U.S. Hwy. 90, San Antonio, Texas 78245, this single-building property sits on a 1.78-acre lot in the rapidly growing West Side of San Antonio, Bexar County. The property benefits from excellent visibility and multiple access points from the high-traffic U.S. Highway 90, ensuring significant exposure to a large customer base. This prime location is surrounded by new residential developments, including single-family homes and apartment complexes, as well as major retail establishments, creating a thriving commercial environment. The West Side of San Antonio is experiencing exceptional growth, with 49% of the 43 fastest-selling subdivisions located in this area. Further fueling this growth is the addition of 700 new lots to the Luckey Ranch development, ultimately adding 3,000 new homes. The construction of a new 1 million square foot Amazon fulfillment center nearby will bring an additional 1,500 jobs to the area, further enhancing the property's long-term value and potential. This is a NNN leased, multi-tenant property presenting a rare opportunity for investors seeking a high-performing asset in a dynamic market. The asking price is $6,249,257.14.

Highlights

  • $6,249,257.14 asking price for this 14,442 SF retail strip center.
  • 7.00% cap rate with a $437,448 NOI.
  • 100% occupancy in a multi-tenant NNN lease.
  • Located at 11880 U.S. Hwy. 90, San Antonio, TX 78245, on a 1.78-acre lot.
  • Built in 2021, this property benefits from high visibility and multiple access points from US Hwy 90.
  • Strong location with high traffic counts on Hwy 90 and significant residential growth.

Property Details for 11880 San Antonio Texas 78245

Property type
Neighborhood centers, Retail properties
Square Feet
14,442 SF
Year Built
2021
Buildings
1
Lot Size (sq. ft)
77,537 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.3753961
Longitude
-98.7278374
11880 San Antonio Texas 78245, San Antonio, Texas

FAQs

What type of property is this?
Neighborhood center - High-traffic retail center, 7% cap rate
Where is the neighborhood center located?
The property is located at 11880 San Antonio Texas 78245 San Antonio, TX.
What is the asking price?
The asking price for this property is $6,249,257.14.
What are key features of this property?
This property features: $6,249,257.14 asking price for this 14,442 SF retail strip center.; 7.00% cap rate with a $437,448 NOI.; 100% occupancy in a multi-tenant NNN lease.
How can I contact the broker?
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11880 San Antonio Texas 78245
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