714 Loop 1604San Antonio, TX 78251

Property Details for 714 Loop 1604

Year built

2008

Lot size

9.41 AC

Property size (Sq ft)

86,666 SF

Property type

Outlet malls

APN

19400-069-0100

APU

194000690100

Description

This exceptional investment opportunity presents the fee simple interest in an 86,000 square foot Academy Sports + Outdoors, situated at 714 W Loop 1604 N in San Antonio, Texas. The property boasts a 20-year absolute NNN lease with approximately 4.6 years remaining, featuring four, five-year renewal options and attractive 1.5% annual rent escalations. Built in 2009 as a build-to-suit, Academy Sports + Outdoors has demonstrated a strong commitment to this location with over 15 years of successful operation. The property enjoys a prime location on Loop 1604, a high-traffic thoroughfare with 78,000 vehicles per day. Its adjacency to The Shoppes at Dove Creek, a top 1% nationally ranked shopping center (according to Placer.ai), further enhances its desirability. The surrounding area is densely populated, with over 1,140 apartment units in close proximity. The property sits on a 9.41-acre lot and generates a substantial net operating income (NOI) of $860,785, representing a compelling 6.85% cap rate. This offering presents a rare opportunity to acquire a stable, high-performing retail asset in a thriving San Antonio market, benefiting from significant population growth (51% within a 3-mile radius since 2010). The asking price is $12,570,000. This is a 100% occupied, credit-rated, corporate-guaranteed investment with minimal landlord responsibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $23,680,828

  6.5%

  $21,859,226

  7%

  $20,297,852

• Comparable approach

  Method

  Valuation

  Relative Method

  $49,635,388

  Geo Method

  $49,635,388

• Alternative Use

  Use

  Valuation

  Residential

  $18,439,074

  Hospitality

  $16,890,094

  Educational

  $14,052,359

  Medical

  $14,535,642

  Retail

  $21,859,226

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.4391

Longitude

-98.7093

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].