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Department Store

Walmart Neighborhood Market

3418 E Southcross, San Antonio, TX 78223

Listing Price: Request For Offer

Tenant Name
Walmart
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
41,117
Lease Type
Absolute Net
Rent Per Square Feet
$14.37

Investment Overview

Marcus & Millichap is pleased to offer a neighborhood Walmart investment opportunity located at 3418 E Southcross Blvd in San Antonio, TX. The asset consists of a 41,117 square foot improvement on a 5.54 acre site. Constructed in 2015, the property includes a large 3-island gas service center in which the underground storage tanks are in the process of being removed by tenant, and is situated on the SEC of E Southcross Boulevard and Pecan Valley Drive. The property is currently encumbered by a built-to suit 15-Year net-lease (+/- 9.5 years remaining). In October of 2018, the company elected to halt operations at the location and the building is currently unoccupied. This offering presents an outstanding reposition for value-add investors and developers to strategize on the property’s highest and best use potential, while benefitting from the existing inplace income. The building and parking area has been continuously maintained and is in excellent condition. The underground storage tanks have also been offered to be removed by the tenant.

Investment Highlights

  • Corporate backed, in-place income with +/- 9.5 years left on lease
  • Built 2015
  • Absolute NNN Lease
  • 41,117 GLA / 5.54 Acres
  • Outstanding reposition opportunity with cash flow

Exclusively Listed By

Financing By

Department Store

Walmart Neighborhood Market

Listing Price: Request For Offer

Tenant Name
Walmart
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
41,117
Lease Type
Absolute Net
Rent Per Square Feet
$14.37

Investment Highlights

  • Corporate backed, in-place income with +/- 9.5 years left on lease
  • Built 2015
  • Absolute NNN Lease
  • 41,117 GLA / 5.54 Acres
  • Outstanding reposition opportunity with cash flow

Investment Overview

Marcus & Millichap is pleased to offer a neighborhood Walmart investment opportunity located at 3418 E Southcross Blvd in San Antonio, TX. The asset consists of a 41,117 square foot improvement on a 5.54 acre site. Constructed in 2015, the property includes a large 3-island gas service center in which the underground storage tanks are in the process of being removed by tenant, and is situated on the SEC of E Southcross Boulevard and Pecan Valley Drive. The property is currently encumbered by a built-to suit 15-Year net-lease (+/- 9.5 years remaining). In October of 2018, the company elected to halt operations at the location and the building is currently unoccupied. This offering presents an outstanding reposition for value-add investors and developers to strategize on the property’s highest and best use potential, while benefitting from the existing inplace income. The building and parking area has been continuously maintained and is in excellent condition. The underground storage tanks have also been offered to be removed by the tenant.

Exclusively Listed By

Financing By

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