3600 Nogalitos StSan Antonio, TX 78211

Property Details for 3600 Nogalitos St

Year built

2006

Lot size

1.56 AC

Property size (Sq ft)

19,562 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Mission Plaza, a 19,562 square foot shopping center in San Antonio, Texas, presents a compelling investment opportunity. This multi-tenant property, built in 2006, boasts a 6.75% cap rate and a strong NOI of $302,975. Currently 100% occupied, the center features two buildings situated on a 1.56-acre lot at the highly visible northeast corner of Nogalitos Boulevard and Division Road, a signalized intersection with four entry/exit points experiencing over 30,000 vehicles daily. Anchored by a recently renewed Family Dollar and including nationally recognized tenants like Wingstop and Cricket, the center benefits from a densely populated area (over 122,000 people within a 3-mile radius). The property offers significant upside potential due to current rents below market value and built-in rent bumps. The NNN lease structure minimizes landlord responsibilities. This is a rare opportunity to acquire a well-located, high-performing retail center with exceptional visibility and growth potential. The asking price is $4,488,000, translating to $229.42 per square foot.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.38

Longitude

-98.5296

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