Multi-Tenant Retail Portfolio @ Bulverde Retail FOR SALE


San Antonio, TX
$8,885,491 USD
858-822-9811
, San Antonio, TX for Sale
$8,885,491 USD
Retail - FOR SALE
1/13
null | 6.36% Cap Rate

Multi-Tenant Retail Portfolio @ Bulverde
San Antonio, TX


HIGHLIGHTS

  • Two Multi-Tenant Properties Available Combined or Separate
  • Newly Constructed Class A Retail
  • Shadow Anchored by State-of-the-Art Grocery Store (H.E.B. Grocery Co.) with Over 2.8MM Visits per Year, per Placer.ai (NAP)
  • Within the Bulverde Marketplace Shopping Center, Ranked in 97th Percentile Nationwide with 6.3MM Visits per Year, per Placer.ai
  • Adjacent to Tradehouse, a 330 Unit Urban Style Multi-Family Development
  • Freeway Expansion on N Loop 1604 Expected to Double Traffic Counts by 2045

OVERVIEW

The subject property is a two-building offering at Bulverde Marketplace Shopping Center in San Antonio. The buildings are Class-A retail construction located in a pedestrian-oriented, newly developed shopping center that is ranked in the 97th percentile nationwide with 6.3MM visits per year, per Placer.ai. The two buildings are available for a combined purchase or individually. Seller’s preference is to sell the medical building first, or as a combined sale. The first building is a 100% occupied multi-tenant property. Tenants include Methodist Physicians Practice and 7 to 7 Dental & Orthodontics. This building sits on a 1.32 acre lot and was built in 2019. The second building, Chipotle and Jersey Mike’s Plaza, is a newer construction four-tenant building completed in 2021. This building sits on a 1.20 acre lot. Tenant roster includes Chipotle Grill, Maple Street Biscuit Co., and Jersey Mike’s. There is one 1,390 SF space currently pending tenant, lease is being negotiated. The subject property neighbors a 330 urban-style multi-family development and newly built major thoroughfare with three signaled intersections. There are numerous hotels with over 790+ rooms in a 4-mile radius and over 1,800+ apartment units within 1 mile radius, including Bulverde Apartments (currently under construction). The subject property is strategically located near a main retail corridor with immediate access to U.S. 281 (157,736 VPD) and Loop 1604 (83,533 VPD). Traffic counts are expected to double by 2045 after the freeway expansion is completed on N Loop 1604 with over $205MM estimated in road improvements from Redland Rd to Judson Rd. The North Expansion Project will decrease future travel times and improve transportation by reducing congestion, improving mobility and roadway connectivity, and strengthening safety. The subject property is shadow anchored by state-of-the-art H.E.B. Grocery store with over 2.8MM visits per year, per Placer.ai. The buildings are nearby several national retailers such as LA Fitness, Starbucks, CVS, Goodwill, IHOP, Wendy’s, and more. Located in the heart of San Antonio, the average HHI is $121,300+ within a 1-mile radius. Watch Property Video: https://vimeo.com/853226776 Watch Loop 1604 Expansion Video: https://www.youtube.com/watch?v=22ZK25tRPMo&t=390s

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

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