3600 Nogalitos StSan Antonio, TX 78211

For Sale
$4,488,000

San Antonio Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
Mission Plaza, a 19,562 square foot shopping center in San Antonio, Texas, presents a compelling investment opportunity. This multi-tenant property, built in 2006, boasts a 6.75% cap rate and a strong NOI of $302,975. Currently 100% occupied, the center features two buildings situated on a 1.56-acre lot at the highly visible northeast corner of Nogalitos Boulevard and Division Road, a signalized intersection with four entry/exit points experiencing over 30,000 vehicles daily. Anchored by a recently renewed Family Dollar and including nationally recognized tenants like Wingstop and Cricket, the center benefits from a densely populated area (over 122,000 people within a 3-mile radius). The property offers significant upside potential due to current rents below market value and built-in rent bumps. The NNN lease structure minimizes landlord responsibilities. This is a rare opportunity to acquire a well-located, high-performing retail center with exceptional visibility and growth potential. The asking price is $4,488,000, translating to $229.42 per square foot.

Highlights

  • Hard corner location at Nogalitos, Division, Illg, and Carlisle Aves.
  • Over 30,000 vehicles per day exposure.
  • Signalized intersection with four access points.
  • High historical occupancy rates.
  • 62% occupancy by national tenants.
  • Family Dollar anchored, recently renewed lease.

Property Details for 3600 Nogalitos St

Property type
Lifestyle centers, Power centers
Square Feet
19,562 SF
Year Built
2006
Buildings
2
Lot Size (sq. ft)
67,954 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.380002457302
Longitude
-98.529608434761
3600 Nogalitos St, San Antonio, Texas

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3600 Nogalitos St
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