431-459 Mccarty RdSan Antonio, TX 78216

For Sale
$5,035,426

14-Tenant Retail Center, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 31,255-square-foot shopping center in San Antonio, Texas presents a compelling value-add investment opportunity. Boasting a 78% occupancy rate across 14 tenants, the property features a diverse mix of restaurants and service-oriented businesses, all operating under triple-net leases. Currently generating a 7.19% cap rate based on a Net Operating Income (NOI) of $362,045, a pro-forma analysis projects a significant increase to an 11.07% cap rate and $557,232 NOI, driven by below-market rents. Built in 1975, this single-story, fee-simple owned property sits on a 2.507-acre lot at 431-459 McCarty Rd, San Antonio, TX 78216. Its prime location benefits from high traffic counts on San Pedro Ave (38,224 vehicles per day) and Loop 410 (over 240,000 vehicles per day), with close proximity to major retailers like Target and Best Buy, and a strong demographic profile featuring an average household income exceeding $84,000 within a three-mile radius. The property also benefits from a well-positioned, grandfathered sign providing excellent visibility. San Antonio's robust economy, fueled by tourism and diverse industries, further enhances the investment potential of this property. This is a rare chance to acquire a well-located, multi-tenant retail center with significant upside potential. The asking price is $5,035,426.

Highlights

  • 31,255-square-foot multi-tenant retail shopping center.
  • 78% occupied; all tenants on triple-net leases.
  • Tenant mix includes restaurants and service-oriented businesses.
  • Below-market rents.
  • Grandfathered signage with high visibility at frontage road entrance.
  • High traffic counts: 38,224 vehicles per day (VPD) on San Pedro Ave, and over 240,000 VPD on Loop 410.

Property Details for 431-459 Mccarty Rd

Property type
Lifestyle centers, Power centers
Square Feet
31,255 SF
Class
A
Year Built
1975
Buildings
1
Stories
1
Lot Size (sq. ft)
109,205 SF
Units
14

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.5292698
Longitude
-98.4992618
431-459 Mccarty Rd, San Antonio, Texas

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431-459 Mccarty Rd
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