5501 Blanco RdSan Antonio, TX 78216

Property Details for 5501 Blanco Rd

Year built

1965

Lot size

0.95 AC

Property size (Sq ft)

9,661 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional San Antonio retail investment opportunity presents a 9,661 square foot shopping center situated on a prominent 0.95-acre corner lot at 5501 Blanco Rd, zip code 78216, in Bexar County, Texas. The property, comprised of two single-story buildings, boasts 100% occupancy with eleven tenants under short-term gross leases, presenting a significant value-add opportunity to convert to NNN leases. Built in 1965 and extensively renovated in 2019 (exterior) and 2021 (parking lot), the property features a new TPO roof installed in 2020. The property is zoned CSS - Commercial Store Site and offers excellent visibility and traffic exposure at the hard corner of Blanco and Jackson Keller Roads. The asking price is $2,100,000, representing a compelling $217.37 per square foot and a 7.43% capitalization rate based on a Net Operating Income (NOI) of $156,000. Note that the adjacent building is not included in this sale. A cross-access agreement will need to be negotiated with the seller to ensure access for both parties. This property offers a strong cash flow with potential for significant upside through lease restructuring and future rent bumps.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.5028

Longitude

-98.5075

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