2048 Oaklawn RdPleasanton, TX 78064

Property Details for 2048 Oaklawn Rd

Year built

2015

Lot size

1.60 AC

Property size (Sq ft)

17,848 SF

Property type

Commercial real estate

APN

R181893

APU

R181893

Description

Gorman Plaza, a Class A, 18,000-square-foot shopping center in Pleasanton, Texas, presents a compelling value-add investment opportunity. This multi-tenant retail property, built in 2015 and situated on a 1.6-acre lot, boasts a prime location on the main retail corridor (Texas Highway 97), benefiting from high visibility and traffic (approximately 23,000 vehicles daily). Its strategic positioning between a Walmart Supercenter and an H-E-B grocery store further enhances its appeal and draws significant regional traffic. Currently 89% occupied, the center features a diverse tenant mix including AT&T, WingStop, Hibbett Sports, James Avery, and Papa Johns. A significant portion (71%) of the tenants are nationally operated and considered internet-proof. The property has a strong historical occupancy rate averaging 96% since its construction. With a remaining average lease term of 3.8 years and approximately 2,033 square feet of available space, there's a clear path to increase revenue through lease-up of the existing vacancy. The property's durable rent roll and strong market fundamentals make it an attractive investment with significant upside potential. The lease type is NNN, and the property consists of two buildings. This offering provides a blend of stable cash flow and value-add potential in a consistently strong retail market.

• Alternative Use

  Use

  Valuation

  Residential

  $3,954,257

  Hospitality

  $3,622,078

  Educational

  $3,013,526

  Medical

  $3,117,166

  Retail

  $4,687,708

Location Insight

City

Pleasanton

County

Atascosa

State

Texas

Latitude

28.9419

Longitude

-98.5115

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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