Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire an 8,394-square-foot, multi-tenant retail center located in an extremely dense residential area of San Antonio, Texas. Blanco & Parliament Shopping Center is 100 percent occupied, and 64 percent of the gross leasable area has national or regional tenants. All leases are triple-net, and all tenants have options for renewal with rent increases. The center is a complementary mix of internet-resistant tenants including Dunkin'/Baskin Robbins, Great Clips, Cozy Nails Lounge, and Tia's Taco Hut. The property is newer; constructed in 2020, with an attractive façade, situated on a 1.1-acre parcel. Blanco & Parliament Shopping Center is located on Blanco Road one lot from the signalized intersection of Blanco Road and Parliament Street. Traffic counts in front of the property exceed 29,900 vehicles per day. The center is located in a prime retail trade area and is surrounded by many national retailers including H-E-B Grocery, QuikTrip, Advance Auto Parts, Little Caesars Pizza, Walmart, Starbucks, AT&T, Sally Beauty, Subway, Family Dollar, McDonald's, Pizza Hut, Taco Bell, Valero, Firestone, Dairy Queen, and more. The subject property is located directly across from Winston Churchill High School, which provides additional traffic to the area. The surrounding area has excellent demographics with 317,071 residents within five miles and an average household income of $78,497.