222 New Braunfels AveSan Antonio, TX 78202

Property Details for 222 New Braunfels Ave

Year built

1978

Lot size

0.29 AC

Property size (Sq ft)

1,836 SF

Property type

Grocery and convenience stores

APN

06336-002-0250

APU

63360020250

Description

This thriving convenience store, located at 222 N New Braunfels Ave in San Antonio, Texas, presents a fantastic investment opportunity. The 1,836 square foot store enjoys a prime location on a busy corner, ensuring high visibility and significant pedestrian and vehicular traffic. Situated in a densely populated residential area with over 56,000 residents within a two-mile radius, the business benefits from a strong and consistent customer base. The current lease, a net lease with a remaining term of approximately 4.9 years (expiring October 17, 2029), has been renewed for an additional five years, commencing October 18, 2024. This established business boasts multiple revenue streams beyond standard convenience store sales, including income generated from gaming machines and a weekly rental agreement with a food truck. The asking price is $149,000, and the sale excludes the real estate. The existing inventory will be sold separately at a discounted price. The property sits on a 12,458 square foot lot, built in 1978, and is zoned I-1. This is a stabilized investment with 100% occupancy in a single-story building. This turnkey operation offers a unique opportunity for immediate income generation and long-term growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $654,060

  6.5%

  $603,747

  7%

  $560,623

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,051,515

  Geo Method

  $1,051,515

• Alternative Use

  Use

  Valuation

  Residential

  $509,284

  Hospitality

  $466,501

  Educational

  $388,123

  Medical

  $401,471

  Retail

  $603,747

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.4219

Longitude

-98.4608

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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