6007 Callaghan RdSan Antonio, TX 78228

For Sale
$2,400,000

San Antonio Retail Center: 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional San Antonio, Texas shopping center presents a compelling investment opportunity. The 11,369 square foot, single-story building, completely renovated in 2023, boasts 10 units currently operating at 100% occupancy, generating a strong net operating income (NOI) of $172,070 and a 7.12% cap rate. The asking price is $2,400,000, translating to $211.10 per square foot. Built in 1960 and strategically located at 6007 Callaghan Rd, San Antonio, TX 78228, this property benefits from its prime location within a vibrant retail area, close to major attractions like Ingram Park Mall and the University of Texas at San Antonio. The property is zoned Commercial and features staggered lease expirations and Net Net Net (NNN) leases. New tenant awnings are scheduled for installation in November 2024. The area's projected population growth of 5.91% between 2024 and 2029 further enhances the long-term investment potential. This stabilized investment offers immediate income and significant upside potential due to below-market in-place base rents. The property represents a solid addition to any retail portfolio.

Highlights

  • 100% occupancy with immediate cash flow from NNN leases.
  • Staggered lease expirations for reduced risk.
  • Strong population growth projected at 5.91% (2024-2029).
  • Below-market in-place rents offer upside potential.
  • New tenant awnings scheduled for installation November 2024.

Property Details for 6007 Callaghan Rd

Property type
Lifestyle centers, Power centers
Square Feet
11,369 SF
Year Built/Renovated
1960/2023
Buildings
1
Stories
1
Units
10

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.487733817537
Longitude
-98.576160354599
6007 Callaghan Rd, San Antonio, Texas

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6007 Callaghan Rd
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