2411 Interstate 410 LoopSan Antonio, TX 78217

For Sale
$4,611,000

Retail Center, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This 31,503-square-foot multi-tenant retail center in San Antonio, Texas, presents a compelling value-add opportunity. Located on the Northeast Interstate 410 Loop (Connally Loop), it boasts high visibility and traffic counts exceeding 216,300 vehicles daily. Currently 86% occupied with eight tenants, including a diverse mix of service-oriented businesses, a restaurant, and medical services, the property offers significant potential for revenue growth through lease-up and rent increases. All leases are triple-net (NNN). Recent improvements include parking lot sealing and restriping, exterior painting, landscaping upgrades, and new LED lighting. The property sits on 2.06 acres and includes a monument sign. Its prime location near major retailers, Iron Horse Valley Apartments (464 units), Interstate 35, and San Antonio International Airport, combined with strong demographics (average household income $83,626 within a five-mile radius), makes this a highly attractive investment. Built in 1982, the property is priced at $4,611,000 ($146 per square foot), below replacement cost, and offers a 7.00% cap rate with a net operating income (NOI) of $322,801. The 15 units are spread across one building.

Highlights

  • 31,503-square-foot multi-tenant flex retail center in a high-traffic area of North San Antonio.
  • 86% occupied with triple-net leases.
  • Value-add opportunity with below-market rents offering significant revenue growth potential.
  • Diverse tenant mix including service providers, restaurant, medical, and light manufacturing.
  • Recent property improvements including parking lot sealing, exterior painting, landscaping, and LED lighting.
  • Priced at $146/SF, below replacement cost.

Property Details for 2411 Interstate 410 Loop

Property type
Lifestyle centers, Power centers
Square Feet
31,503 SF
Year Built
1982
Buildings
1
Lot Size (sq. ft)
89,734 SF
Units
15

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.516490774567
Longitude
-98.418501220691
2411 Interstate 410 Loop, San Antonio, Texas

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2411 Interstate 410 Loop
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