2000 SE Loop 410 - Retail FOR SALE


San Antonio, TX 78220- Southeast Side
$10,333,130 USD
972-755-5225
2000 SE Loop 410, San Antonio, TX for Sale
$10,333,130 USD
Retail - FOR SALE
1/13
null | 7.26% Cap Rate

2000 SE Loop 410
San Antonio, TX 78220
Southeast Side


HIGHLIGHTS

  • 64,200-Square-Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by a Walmart Supercenter | Major Traffic Driver to the Area with an Estimated 1.7 Million Visitors Annually (source: Placer Labs Inc.)
  • 100% Leased | 78% of the GLA has Triple-Net Leases | Future Upside Potential in Converting Gross Leases
  • Strong Tenant Base Anchored by Dollar Tree | 52% of the GLA is Leased to National or Regional Retailers
  • 19% of the GLA is Leased to Medical Tenants | 8% is Government Credit
  • Current Average Rents are Below Market

OVERVIEW

Marcus & Millichap is pleased to offer the opportunity to acquire a 64,200-square-foot, multi-tenant retail center located in San Antonio, Texas. Rigsby Avenue Shopping Center is 100 percent leased, and 78 percent of the gross leasable area has triple-net lease terms. Anchored by Dollar Tree, the tenant base is a complementary mix of internet-resistant, service-oriented businesses, including Alamo City Urgent Care, Alfonso's Tamales, Republic Finance, Red Star Vapor, AVIS, Homeowners Builder's Showroom, Nopalitos Mexican Restaurant, Nail Salon, CATO, PAE Professional Services, U.S. Armed Forces Recruiting, Brident Dental, Genesis Drug Testing, Baptist Health Systems, Champions Liquor & Wine, Shoe Show, and CATO dba it's Fashion. Constructed in 2002, the center is situated on a 6.09-acre parcel with ample paved parking. A large double-sided monument sign provides additional exposure. Rigsby Avenue Shopping Center is located on the frontage road of SE Loop 410 (Connally Loop), with multiple ingress and egress points. Traffic counts in front of the property exceed 68,743 vehicles per day on SE Loop 410 (Connally Loop). Shadow-anchored by Walmart Supercenter, the subject property is near other numerous national and regional retailers including Chick-fil-A, Great Clips, Valero Gas Station, Jack in the Box, KFC, Subway, QuikTrip, McDonald's, 7-Eleven, Take 5 Oil Change, Planet Fitness, AutoZone Auto Parts, and many others. The surrounding area benefits from an extremely dense population of more than 155,019 residents within five miles.

FOR SALE DETAILS

PRICE

$10,333,130 USD

PRICE/SF

$161 USD /SF

CAP RATE

7.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rigsby Avenue Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

258

LAND DETAILS

LAND ACRES

6.09 AC

LAND SF

265,280 SF

ZONING

-

APN/PARCEL ID

12887-000-0210

ASK ABOUT THIS PROPERTY

Philip LevyMarcus & MillichapMore Info
972-755-5225

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Philip LevyMarcus & MillichapMore Info
972-755-5225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.