4230 Foster RdSan Antonio, TX 78244

For Sale
$6,200,000

High-Yield Shopping Center, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
94
Exceptional investment opportunity: This 14,026 square foot shopping center in San Antonio, Texas, is offered at $6,200,000, representing a 6.46% cap rate and a price per square foot of $445. Built in 2020, this single-building property sits on a 1.85-acre lot at the signalized hard corner of Summer Fest Drive and North Foster Road, boasting excellent visibility and accessibility. The property features eight tenants under NNN leases, ensuring minimal landlord responsibilities and a stable income stream with a current NOI of $400,657. Located within a thriving area, the center benefits from a high population density, with over 93,000 residents and 30,000 households within a 3-mile radius. North Foster Road sees 28,859 vehicles daily, providing significant traffic exposure. The property offers convenient access to nearby neighborhoods including Woodlake Park, Candlewood Park, and Sunrise. This is a prime retail investment with strong tenant occupancy (100%) and a proven track record of success. The property's strategic location and limited landlord responsibilities make it an attractive option for discerning investors seeking a stable, high-performing asset. The address is 4230 N Foster Rd, San Antonio, TX 78244.

Highlights

  • $6,200,000 asking price for this 14,026 SF shopping center.
  • Located at the signalized hard corner of Summer Fest Drive and North Foster Rd in San Antonio, TX.
  • Features eight tenants with 100% occupancy and a 6.46% cap rate.
  • NNN leases minimize landlord responsibilities.
  • Strong demographics: over 93,000 residents and 30,000 households within a 3-mile radius, and 28,859 vehicles per day on North Foster Road.

Property Details for 4230 Foster Rd

Property type
Lifestyle centers, Power centers
Square Feet
14,026 SF
Year Built
2020
Buildings
1
Lot Size (sq. ft)
80,586 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.4672755
Longitude
-98.3588862
4230 Foster Rd, San Antonio, Texas

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4230 Foster Rd
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