Shopping Strip

Anytime Fitness Strip Center

Listing Price: $2,320,000

Cap Rate
8.25%
Gross SF
15,000
Rentable SF
15,000
Price/Gross SF
$154.67
Lot Size
2.87 acres
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a stabilized 15,000-square foot, multi-tenant retail center located in La Vernia, Texas. Anytime Fitness Strip Center is currently 100 percent occupied, and 75 percent of the gross leasable area has essential business tenants. The center is a complementary mix of internet-resistant tenants including Anytime Fitness, Connally Memorial Urgent Care, Momentum Physical Therapy, and Pharm House Drug Co. All current leases are triple net. The center was constructed in 2009 and is situated on a 2.87-acre lot. Anytime Fitness Strip Center is located on Silverado Street and U.S. Highway 87. The center benefits from highway visibility and is easily accessible from multiple ingress and egress locations. Traffic counts on U.S. Highway 87 exceed 14,200 vehicles per day. The center is near many national retailers including Sonic, Burger King, O'Reilly Auto Parts, H-E-B Grocery, Whataburger, Subway, AutoZone, Best Western, Taco Bell, Napa Auto Parts, and more. Anytime Fitness Center is in close proximity to many schools providing additional traffic to the area. The surrounding area has strong demographics with a five mile average household income of $107,931. La Vernia is a city in Wilson County and is part pf the San Antonio Metropolitan Statistical Area. The city is located 25 miles east of downtown San Antonio. San Antonio is the seventh-largest city in the United States, the second-largest city in Texas. The city is experiencing solid economic growth in 21st century industries such as bioscience and healthcare, aerospace, IT and cybersecurity, and green technologies. San Antonio’s economy has remained steady and prosperous by successfully attracting new businesses and helping existing companies grow. San Antonio is also known as a top tourist destination with attractions such as The Alamo, The River Walk, Six Flags Fiesta Texas, and SeaWorld San Antonio, hosting 37 million visitors annually and providing an economic impact of $15.3 billion.

Investment Highlights

  • 15,000-Square Foot Multi-Tenant Retail Center
  • 100% Occupied | All Leases are Triple-Net
  • Complementary Mix of Internet-Resistant Tenants
  • 75% of the Gross Leasable Area has Essential Business Tenants
  • Adjacent Land Included for Potential Future Development | Approved by the City to Construct a Building Up to 5,000-Square Feet

Exclusively Listed By

Shopping Strip

Anytime Fitness Strip Center

Listing Price: $2,320,000

Cap Rate
8.25%
Gross SF
15,000
Rentable SF
15,000
Price/Gross SF
$154.67
Lot Size
2.87 acres
Year Built
2009

Investment Highlights

  • 15,000-Square Foot Multi-Tenant Retail Center
  • 100% Occupied | All Leases are Triple-Net
  • Complementary Mix of Internet-Resistant Tenants
  • 75% of the Gross Leasable Area has Essential Business Tenants
  • Adjacent Land Included for Potential Future Development | Approved by the City to Construct a Building Up to 5,000-Square Feet

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a stabilized 15,000-square foot, multi-tenant retail center located in La Vernia, Texas. Anytime Fitness Strip Center is currently 100 percent occupied, and 75 percent of the gross leasable area has essential business tenants. The center is a complementary mix of internet-resistant tenants including Anytime Fitness, Connally Memorial Urgent Care, Momentum Physical Therapy, and Pharm House Drug Co. All current leases are triple net. The center was constructed in 2009 and is situated on a 2.87-acre lot. Anytime Fitness Strip Center is located on Silverado Street and U.S. Highway 87. The center benefits from highway visibility and is easily accessible from multiple ingress and egress locations. Traffic counts on U.S. Highway 87 exceed 14,200 vehicles per day. The center is near many national retailers including Sonic, Burger King, O'Reilly Auto Parts, H-E-B Grocery, Whataburger, Subway, AutoZone, Best Western, Taco Bell, Napa Auto Parts, and more. Anytime Fitness Center is in close proximity to many schools providing additional traffic to the area. The surrounding area has strong demographics with a five mile average household income of $107,931. La Vernia is a city in Wilson County and is part pf the San Antonio Metropolitan Statistical Area. The city is located 25 miles east of downtown San Antonio. San Antonio is the seventh-largest city in the United States, the second-largest city in Texas. The city is experiencing solid economic growth in 21st century industries such as bioscience and healthcare, aerospace, IT and cybersecurity, and green technologies. San Antonio’s economy has remained steady and prosperous by successfully attracting new businesses and helping existing companies grow. San Antonio is also known as a top tourist destination with attractions such as The Alamo, The River Walk, Six Flags Fiesta Texas, and SeaWorld San Antonio, hosting 37 million visitors annually and providing an economic impact of $15.3 billion.

Exclusively Listed By

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