7215 Loop 1604Converse, TX 78109

For Sale
$5,413,940

Converse, TX Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A shopping center, Autumn Heights, presents a compelling investment opportunity in Converse, Texas. Boasting 13,949 square feet on a 2.09-acre lot, this 2020-built property enjoys a prime location on the highly trafficked Loop 1604, benefiting from excellent visibility and accessibility. Currently 100% occupied by nine tenants with strong co-tenancy, the center offers a stable, diversified income stream with a 6.75% cap rate and a Net Operating Income (NOI) of $365,441. The asking price is $5,413,940, translating to $388.12 per square foot. Strategically staggered lease expirations ensure consistent rent growth and sustained occupancy. Located in one of San Antonio's fastest-growing suburbs, Autumn Heights benefits from significant population growth—Converse has seen a 75% increase in population over the past six years—and a rising median household income. Further fueling this growth are 12 new subdivisions planned or under construction in the immediate area, promising at least 3,000 new single-family homes. The center features convenient access to an adjacent neighborhood market and benefits from its main entrance directly on Loop 1604. This property offers a rare combination of strong current performance and significant future growth potential.

Highlights

  • $5,413,940 asking price for a stabilized Class A retail shopping center.
  • 13,949 square feet on a 2.09-acre lot in Converse, TX.
  • $388.12 price per square foot with a 6.75% cap rate.
  • 100% occupancy generating a $365,441 Net Operating Income (NOI).
  • Built in 2020, located on highly trafficked Loop 1604, near San Antonio.

Property Details for 7215 Loop 1604

Property type
Lifestyle centers, Power centers
Square Feet
13,949 SF
Class
A
Year Built
2020
Lot Size (sq. ft)
91,040 SF

Location Insight

City
Converse
County
Bexar
State
Texas
Latitude
29.497027627085
Longitude
-98.28949068095
7215 Loop 1604, Converse, Texas

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7215 Loop 1604
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