1626 Pat Booker RdUniversal City, TX 78148

For Sale
$2,560,640

16,800 SF Shopping Center, 7.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 16,800-square-foot shopping center in Universal City, Texas. Located at 1626 Pat Booker Rd, this single-story, 1968-built property sits on a 0.88-acre lot (APN: 05047-012-0280) and is zoned for retail use. Currently boasting 100% occupancy with eight tenants under staggered NNN leases with a remaining term of five years, this stabilized investment offers a strong net operating income (NOI) of $192,048, translating to a 7.5% capitalization rate. The asking price is $2,560,640, or $152.42 per square foot. The property benefits from high visibility and accessibility along Pat Booker Rd, experiencing daily traffic exceeding 35,000 vehicles. This prime location within the San Antonio MSA serves a substantial population with an average income of $103,768 within a five-mile radius. The absence of tenant options provides a potential for future rental increases, enhancing the long-term value and return on investment. This well-maintained asset offers a secure income stream and significant upside potential for discerning investors. The property features a multi-tenant configuration, ensuring diversification of income sources.

Highlights

  • $2,560,640 asking price for a stabilized, 16,800 SF Class C shopping center in Universal City, TX.
  • 100% occupancy with eight tenants on NNN leases, offering a 7.5% cap rate and $192,048 NOI.
  • Located at 1626 Pat Booker Rd, this single-story, 1968-built property sits on a 0.88-acre lot.
  • Features staggered lease expirations and high visibility on a major retail thoroughfare with over 35,000 cars daily.
  • Strong demographics with over 211,000 residents within a 5-mile radius and an average household income of $103,768.

Property Details for 1626 Pat Booker Rd

Property type
Lifestyle centers, Power centers
Square Feet
16,800 SF
Class
C
Year Built
1968
Buildings
1
Stories
1
Lot Size (sq. ft)
38,333 SF
Units
8

Location Insight

City
Universal City
County
Bexar
State
Texas
Latitude
29.552689697626
Longitude
-98.305197190636
1626 Pat Booker Rd, Universal City, Texas

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].
1626 Pat Booker Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message