4230 Foster RdSan Antonio, TX 78244

Property Details for 4230 Foster Rd

Year built

2019

Lot size

1.85 AC

Property size (Sq ft)

14,400 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

05091-413-0040

APU

50914130040

Description

Exceptional investment opportunity: This 14,026 square foot shopping center in San Antonio, Texas, is offered at $6,200,000, representing a 6.46% cap rate and a price per square foot of $445. Built in 2020, this single-building property sits on a 1.85-acre lot at the signalized hard corner of Summer Fest Drive and North Foster Road, boasting excellent visibility and accessibility. The property features eight tenants under NNN leases, ensuring minimal landlord responsibilities and a stable income stream with a current NOI of $400,657. Located within a thriving area, the center benefits from a high population density, with over 93,000 residents and 30,000 households within a 3-mile radius. North Foster Road sees 28,859 vehicles daily, providing significant traffic exposure. The property offers convenient access to nearby neighborhoods including Woodlake Park, Candlewood Park, and Sunrise. This is a prime retail investment with strong tenant occupancy (100%) and a proven track record of success. The property's strategic location and limited landlord responsibilities make it an attractive option for discerning investors seeking a stable, high-performing asset. The address is 4230 N Foster Rd, San Antonio, TX 78244.

• CAP approach

  CAP return

  Valuation

  6%

  $3,972,983

  6.5%

  $3,667,369

  7%

  $3,405,414

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,247,174

  Geo Method

  $8,247,174

• Alternative Use

  Use

  Valuation

  Residential

  $3,093,563

  Hospitality

  $2,833,687

  Educational

  $2,357,594

  Medical

  $2,438,676

  Retail

  $3,667,369

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.4672

Longitude

-98.3588

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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