714 Loop 1604San Antonio, TX 78251

For Sale
$12,570,000

High-yield, net-leased retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents the fee simple interest in an 86,000 square foot Academy Sports + Outdoors, situated at 714 W Loop 1604 N in San Antonio, Texas. The property boasts a 20-year absolute NNN lease with approximately 4.6 years remaining, featuring four, five-year renewal options and attractive 1.5% annual rent escalations. Built in 2009 as a build-to-suit, Academy Sports + Outdoors has demonstrated a strong commitment to this location with over 15 years of successful operation. The property enjoys a prime location on Loop 1604, a high-traffic thoroughfare with 78,000 vehicles per day. Its adjacency to The Shoppes at Dove Creek, a top 1% nationally ranked shopping center (according to Placer.ai), further enhances its desirability. The surrounding area is densely populated, with over 1,140 apartment units in close proximity. The property sits on a 9.41-acre lot and generates a substantial net operating income (NOI) of $860,785, representing a compelling 6.85% cap rate. This offering presents a rare opportunity to acquire a stable, high-performing retail asset in a thriving San Antonio market, benefiting from significant population growth (51% within a 3-mile radius since 2010). The asking price is $12,570,000. This is a 100% occupied, credit-rated, corporate-guaranteed investment with minimal landlord responsibilities.

Highlights

  • Absolute NNN lease with approximately 4.6 years remaining, zero landlord responsibilities.
  • Rare 1.5% annual rent escalations.
  • Academy Sports + Outdoors has operated at this location for over 15 years.
  • High-traffic location with Loop 1604 frontage, 78,000 vehicles per day.
  • Adjacent to The Shoppes at Dove Creek, a top 1% nationally ranked shopping center (Placer.ai).
  • Dense residential area with 1,140+ nearby apartment units.

Property Details for 714 Loop 1604

Property type
Lifestyle centers, Power centers
Square Feet
86,000 SF
Year Built
2009
Lot Size (sq. ft)
409,900 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.4390627
Longitude
-98.7090629
714 Loop 1604, San Antonio, Texas

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714 Loop 1604
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