For Sale
$1,500,000

4681 Walzem RdSan Antonio, TX 78218

High-Yield San Antonio Retail Redevelopment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional San Antonio, Texas retail property at 4681 Walzem Road presents a compelling redevelopment opportunity. Currently operating as a convenience store, gas station, and QSR/fast food establishment, the property boasts 100% occupancy and a strong existing NOI of $40,000, yielding a 2.67% cap rate. However, the significant potential lies in redevelopment. A pro-forma analysis projects a substantial increase in NOI to $120,000, resulting in an attractive 8.00% cap rate. This is a single-tenant, NNN-leased property, offering a low-maintenance investment. The asking price is $1,500,000. The property is situated on one of the last major pad sites available along the San Antonio 410 corridor, benefiting from excellent highway access and visibility. Recent comparable sites in this high-demand area have undergone successful redevelopment and re-tenanting, demonstrating the strong market potential. The seller is debt-free and motivated to sell, making this an attractive opportunity for investors seeking a high-return, low-risk investment in a prime San Antonio location. The property is located in Bexar County, Texas, zip code 78218. This hard corner site offers excellent signage opportunities and is easily accessible from Highway 410.

Highlights

  • Exceptional redevelopment opportunity: 100% occupied, NNN-leased convenience store, gas station, and QSR on a 1.5M asking price, currently yielding $40,000 NOI (2.67% cap rate), with projected NOI of $120,000 (8% cap rate) after redevelopment.
  • Prime San Antonio location: Hard corner pad site on Highway 410 corridor in Bexar County, TX (78218), offering excellent visibility and highway access.
  • High-demand area: Successful comparable redevelopments demonstrate strong market potential and scarcity of available pad sites.
  • Motivated seller: Debt-free seller offering a low-risk, high-return investment opportunity.

Property Details for 4681 Walzem Rd

Property type
Retail properties, Grocery and convenience stores

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.5106232
Longitude
-98.3988277
4681 Walzem Rd, San Antonio, Texas

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4681 Walzem Rd
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