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Shopping Strip

Universal Square

1922 Pat Booker Rd, Universal City, TX 78148

Listing Price: $6,695,000

Cap Rate
8.01%
Gross SF
78,029
Rentable SF
78,029
Price/Gross SF
$85.80
Lot Size
8.34 acres
Year Built
1970

Investment Overview

Universal Square is a 78,029-square-foot, multi-tenant neighborhood retail center located in the San Antonio suburb of Universal City, Texas. The center is 95 percent occupied, and 88 percent of the gross leasable area has triple-net leases. Tenants consist of a complementary mix of restaurants and service-oriented business, including Alorica, Firestone Complete Auto Care, Jackson Hewitt, Four Kings Deli, Four Kings Bakery, Radiant Design Hair Salon, The Potter’s House Christian Fellowship Church, Xquisite Barber/Beauty, Ocean Nails, Rios Golden Cuts, Red Feather Healing, and Mais Attorney at Law. Constructed in 1970, the building is situated on a large 8.34-acre parcel with paved parking spaces located on every side of the building, providing convenient customer access. Universal Square is located on the signalized, hard corner of Pat Booker Road and University City Boulevard, both of which are four-lane roads with a dedicated turn lane. The property is easily accessible from multiple ingress and egress points and benefits from cumulative traffic counts of approximately 33,800 vehicles per day. Universal Square is adjacent to a Murphy Express gas station and convenience store pad site. Numerous national and regional retailers are in close proximity, including CVS Pharmacy, Napa Auto Parts, Planet Fitness, Taco Cabana, O’Reilly Auto Parts, Pizza Hut, Golden Corral, Sonic Drive-In, TruFit, Kohl’s, The Home Depot, Boot Barn, Best Buy, Target, Ross Dress for Less, and many others.

Investment Highlights

  • 78,029-Square-Foot, Multi-Tenant Neighborhood Retail Center
  • 95% Occupied | 88% of the Gross Leasable Area has Triple-Net Leases
  • Anchored by Long Term Tenants: Alorica (Formerly West Business Solutions) Since 1994 and Firestone Complete Auto Care Since 2004 | Landlord Reports Historically Stable Occupancy
  • Priced at $86 Per Square Foot | Well Below Replacement Cost
  • Current Average Rents are Below Market

Exclusively Listed By

Listing Price: $6,695,000

Cap Rate
8.01%
Gross SF
78,029
Rentable SF
78,029
Price/Gross SF
$85.80
Lot Size
8.34 acres
Year Built
1970

Investment Highlights

  • 78,029-Square-Foot, Multi-Tenant Neighborhood Retail Center
  • 95% Occupied | 88% of the Gross Leasable Area has Triple-Net Leases
  • Anchored by Long Term Tenants: Alorica (Formerly West Business Solutions) Since 1994 and Firestone Complete Auto Care Since 2004 | Landlord Reports Historically Stable Occupancy
  • Priced at $86 Per Square Foot | Well Below Replacement Cost
  • Current Average Rents are Below Market

Investment Overview

Universal Square is a 78,029-square-foot, multi-tenant neighborhood retail center located in the San Antonio suburb of Universal City, Texas. The center is 95 percent occupied, and 88 percent of the gross leasable area has triple-net leases. Tenants consist of a complementary mix of restaurants and service-oriented business, including Alorica, Firestone Complete Auto Care, Jackson Hewitt, Four Kings Deli, Four Kings Bakery, Radiant Design Hair Salon, The Potter’s House Christian Fellowship Church, Xquisite Barber/Beauty, Ocean Nails, Rios Golden Cuts, Red Feather Healing, and Mais Attorney at Law. Constructed in 1970, the building is situated on a large 8.34-acre parcel with paved parking spaces located on every side of the building, providing convenient customer access. Universal Square is located on the signalized, hard corner of Pat Booker Road and University City Boulevard, both of which are four-lane roads with a dedicated turn lane. The property is easily accessible from multiple ingress and egress points and benefits from cumulative traffic counts of approximately 33,800 vehicles per day. Universal Square is adjacent to a Murphy Express gas station and convenience store pad site. Numerous national and regional retailers are in close proximity, including CVS Pharmacy, Napa Auto Parts, Planet Fitness, Taco Cabana, O’Reilly Auto Parts, Pizza Hut, Golden Corral, Sonic Drive-In, TruFit, Kohl’s, The Home Depot, Boot Barn, Best Buy, Target, Ross Dress for Less, and many others.

Exclusively Listed By

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