Crossway Shopping Center 6812 Bandera Road / Leon Valley (San Antonio), TX 78238

Transcription

1 ,585 Square Foot Mixed-Use Retail Center Sale Price: $4,950,000 Investment Summary Cushman & Wakefield s Investment Properties Group has been retained as the exclusive marketing advisor for the disposition of, a 66,585 square foot, mixed-use retail center located in Northwest San Antonio. With an occupancy of 84%, the asset provides an excellent value-add or partial user opportunity. Carrie Caesar Senior Director (O) (M) carrie.caesar@cushwake.com Bradley Suttle Director (O) (M) bsuttle@sacadvisors.com 200 E Grayson, Suite 124 San Antonio, TX cushmanwakefield.com

2 Investment Highlights At under $75 per square foot, the property is significantly below replacement cost Low in-place rents provide an investor the opportunity to increase rents and cash flow in the future as existing leases roll Stable Tenancy - 62% of tenants have occupied their spaces for four or more years Access and signage on Bandera Road with 57,139 vehicles per day Bexar County (AAA credit rating), operating as Center for Health Care Services, is the largest tenant in the property and has been a tenant for nearly five years; current lease runs through 2020 Built-in contractual rent increases provide cash flow growth Property Details Address 6812 Bandera Rd San Antonio, TX Parking 242 Spaces 3.78:1,000 NRA Year Built 1985 Total SF 66,585 SF Elevator 2 Hydraulic passenger elevators with 3,500 lb capacity Net Rentable SF Occupancy (NRA) 84% Retail Space Office Space Total NRA 45,194 SF 18,865 SF 64,059 SF Fire Protection Zoning Fully sprinklered, except for remaining shell spaces B-3 Commercial District, City of Leon Valley Land Area ±4.224 acres San Antonio CBD

3 First Floor Site Plan Occupancy Suite Tenant Sq. Ft. 101 Deco Cafe Filipiniana 3, B Center for Healthcare Services 13, Gloria s Barber College 5, Elite Fitness and Sports 2, Alamo City Hobby Shop 1, Kuk Sool Won 2, Vacant 1, Cuts Unlimited 1, Vacant 1, Bethel Covenant Assembly 1, Primrose Wellness Group 5, Bethel Covenant Assembly 6,021 First Floor Net SF 45, Available Occupied

4 Second Floor Site Plan Occupancy Suite Tenant Sq. Ft. 201 Farmers Ins B 205B 205 B 205A Falcon Ins 1, E. Suzanne Carter Vacant 2, MHC Management Diaz Insurance Center for Health Care 2, Gina Jolly Photography Quick Bookkeepers, Inc. 1, Available 200A Brass Ring Real Estate B 201 Occupied 200B State Farm Mutual A 3D Realty & Property Mgmt 1, B Vacant 4, A Second Floor Net SF 18,865

5 Demographics (2017) 1 Mile 3 Mile 5 Mile Population 9, , ,914 Projected 5 Year Population Growth 5.05% 5.95% 5.80% Average HH Income $73,013 $66,379 $65,785 Traffic Count Bandera Road 57,139 VPD GRISSOM RD POSS RD BANDERA RD HUEBNER RD CROSSWAY SHOPPING CENTER Carrie Caesar Senior Director (O) (M) carrie.caesar@cushwake.com Bradley Suttle Director (O) (M) bsuttle@sacadvisors.com 200 E Grayson, Suite 124 San Antonio, TX cushmanwakefield.com