778 Cibolo Valley DrCibolo, TX 78108

For Sale
$11,970,000

High-growth San Antonio retail center, 100% leased.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fully leased, multi-tenant retail shopping center totaling 18,446 square feet situated on a 1.942-acre lot in Cibolo, Texas, zip code 78108. The property, built in 2023, consists of two buildings and boasts a diverse mix of seven tenants, including Heartland Dental, all under 10-year leases with built-in rent bumps. Located at 778 Cibolo Valley Dr, this center benefits from high visibility and accessibility, situated as an outparcel to a Walmart and adjacent to a new H-E-B development. The property enjoys a 6.35% cap rate and a strong net operating income (NOI) of $760,075, reflecting an asking price of $11,970,000 ($648.92 per square foot). The area demonstrates robust demographics, including a 4.43% annual population growth rate within a 1-mile radius, a daytime population of 94,116 within 5 miles, and an average household income of $128,891 within 1 mile. The property's design includes outdoor patio areas, and the building's flexible layout makes it adaptable to various uses. This investment offers a stable and diversified income stream with scheduled rent increases and significant potential for asset appreciation in a rapidly growing San Antonio suburb. The property is a NNN lease, meaning tenants are responsible for property management fees, creating a truly passive investment opportunity. This is a multi-tenant retail investment opportunity in one of San Antonio's fastest-growing suburbs.

Highlights

  • 100% Leased Retail Investment Opportunity; Outparcel to Walmart & adjacent to H-E-B.
  • New 10-Year Leases with built-in rent increases to strong national & regional tenants.
  • 2023 Construction; flexible building design with outdoor patios.
  • Strong regional draw from Cibolo, Marion, Santa Clara, and Schertz.
  • High-growth, affluent San Antonio MSA suburb.
  • Excellent visibility and access on Cibolo Valley Drive.

Property Details for 778 Cibolo Valley Dr

Property type
Lifestyle centers, Power centers
Square Feet
18,446 SF
Year Built
2023
Buildings
2
Lot Size (sq. ft)
84,594 SF

Location Insight

City
Cibolo
County
Guadalupe
State
Texas
Latitude
29.5715951
Longitude
-98.2376206
778 Cibolo Valley Dr, Cibolo, Texas

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778 Cibolo Valley Dr
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