13250 Nacogdoches RdSan Antonio, TX 78217

For Sale
$2,400,000

100% occupied, multi-tenant retail center

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 15,376 square foot, Class B, multi-tenant retail center in San Antonio, Texas. Located at 13250 Nacogdoches Rd, in Bexar County, zip code 78217, this property boasts a strong 9.98% cap rate and a substantial NOI of $239,633. The property, built in 1988 and extensively renovated in 2023, sits on a 58,632 square foot lot and is zoned C-3R. Currently 100% occupied by two tenants, the property features a modified gross lease structure. One tenant, an established event center, recently signed a new three-year lease, demonstrating strong tenant commitment and stability. The second tenant, a vape and smoke shop, is in the second year of a three-year lease. This stabilized investment offers a compelling return on investment with a low price per square foot of $156.09 and an asking price of $2,400,000. The property's strong tenant mix, favorable lease terms, and recent renovations make it an attractive addition to any portfolio. The single-story building offers 15,376 square feet of net rentable space. This is a turnkey operation with a proven track record of success. Further details are available upon request.

Highlights

  • Three-year lease renewal with established event center tenant; three additional locations in San Antonio and Austin.
  • Smoke Cloud vape and smoke shop, second location, operating under a modified gross lease with two years remaining.
  • Both leases are modified gross.

Property Details for 13250 Nacogdoches Rd

Property type
Other specialty properties, Lifestyle centers
Square Feet
15,376 SF
Class
B
Year Built/Renovated
1988/2023
Buildings
1
Stories
1
Units
2

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.561936964498
Longitude
-98.392726545553
13250 Nacogdoches Rd, San Antonio, Texas

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13250 Nacogdoches Rd
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