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Shopping Strip

Austin Hwy Retail Center

1432 Austin Hwy, San Antonio, TX 78209

Listing Price: $6,700,000

Cap Rate
7.45%
Rentable SF
26,595
Lot Size
3.78 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to present Austin Highway Retail Center, a Walmart shadow-anchored strip center located in the northeast submarket of San Antonio, Texas. Austin Highway Retail Center offers 26,595 square feet of gross leasable area on 3.78 acres, and is strategically positioned between two of the largest U.S. big box retailers, Walmart and Lowe's. This offering also gains considerable synergy from other well-known retailers such as Wendy's, Panda Express & McDonald's to name a few. The property has recently upgraded its' own tenant mix through active local space demand, stabilizing to 92.4% occupancy. Recent additions include Benjamin Moore Paint, Affordable Dentures, Texas Chiropractic & Injury and Brain Institute, edifying the existing, healthy tenant roster. All leases are triple-net (NNN) with a positive history of property management. A new owner can realize further upside with near-term renewal opportunities along with a strong leasing market that has healthy demand for space (3.5% vacancy rate, San Antonio MSA Retail - Costar January 2024). Recent improvements made to the property include a resurfaced parking lot, pylon signage upgrades, an HVAC unit, partial roof replacement and other landscaping enhancements.

Investment Highlights

  • Walmart and Lowe's Shadow Anchored Center
  • Current Occupancy Of 92-Percent
  • Triple-Net Leases (NNN)
  • Further Near Term Upside Opportunity
  • Located In A Healthy Space Demand Market
  • Recent Tenant Upgrades and Improvements

Exclusively Listed By

Financing By

Shopping Strip

Austin Hwy Retail Center

Listing Price: $6,700,000

Cap Rate
7.45%
Rentable SF
26,595
Lot Size
3.78 acres
Year Built
2004

Investment Highlights

  • Walmart and Lowe's Shadow Anchored Center
  • Current Occupancy Of 92-Percent
  • Triple-Net Leases (NNN)
  • Further Near Term Upside Opportunity
  • Located In A Healthy Space Demand Market
  • Recent Tenant Upgrades and Improvements

Investment Overview

Marcus & Millichap is pleased to present Austin Highway Retail Center, a Walmart shadow-anchored strip center located in the northeast submarket of San Antonio, Texas. Austin Highway Retail Center offers 26,595 square feet of gross leasable area on 3.78 acres, and is strategically positioned between two of the largest U.S. big box retailers, Walmart and Lowe's. This offering also gains considerable synergy from other well-known retailers such as Wendy's, Panda Express & McDonald's to name a few. The property has recently upgraded its' own tenant mix through active local space demand, stabilizing to 92.4% occupancy. Recent additions include Benjamin Moore Paint, Affordable Dentures, Texas Chiropractic & Injury and Brain Institute, edifying the existing, healthy tenant roster. All leases are triple-net (NNN) with a positive history of property management. A new owner can realize further upside with near-term renewal opportunities along with a strong leasing market that has healthy demand for space (3.5% vacancy rate, San Antonio MSA Retail - Costar January 2024). Recent improvements made to the property include a resurfaced parking lot, pylon signage upgrades, an HVAC unit, partial roof replacement and other landscaping enhancements.

Exclusively Listed By

Financing By

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