1401 S New Braunfels AvenueSan Antonio, TX 78210

For Sale
$1,924,000

Newport Center

Overview

Added:
Jan 29
Days on market:
45
Signalized Intersection Along Major Thoroughfare Near Interstate 10

The subject property is ideally located at a signalized intersection along S. New Braunfels Avenue, just blocks off Interstate 10 where traffic counts exceed 91,000 cars per day.


Solid Infill Real Estate Near Downtown & AT&T Arena

Just 3 miles to Downtown San Antonio
AT&T Arena, home of the San Antonio Spurs, is located 2.4 miles from the subject property.


Densely Populated Trade Area:

The subject property benefits from the huge number of nearby rooftops with 118,798 people in the 3-mile radius and over 318,868 in the 5-mile radius.
Built in customer base surrounding the property.

Highlights

  • New Long Term NNN Master Lease At Closing Seller to sign ONE long-term absolute NNN Master Lease at closing creating a single tenant investment for buyer – zero management and reconciliations between tenants. Structure creates a passive, single tenant absolute NNN investment. $1,211,000 Complete Interior and Exterior Redevelopment Completely remodeled building inside and out. Capital expenditures included a new roof, new HVAC’s, new electrical service and new parking lot, etc. Strong Local Tenants With Multiple Locations Deco Pizzeria and Laundry Rey’s are well known tenants and each have multiple locations throughout San Antonio.

Property Details for 1401 S New Braunfels Avenue

Property type
Other retail properties, Individual retail properties
Square Feet
5,612 SF
Price / Square Foot
$342.84
Year Built/Renovated
1960/2022
Elevators
N/A
Lot Size (sq. ft)
22,521 SF
Net Operating Income
$134,688

Location Insight

City
San Antonio
County
State
Texas

FAQs

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1401 S New Braunfels Avenue
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