• 2020 construction retail strip center comprising 12,100 SF on 1.5 acres, offered at a 7.01% cap rate. The property is 100% occupied by six tenants on NNN leases with staggered expirations and built-in rent escalations, producing $ 301,372 in net operating income.
• High-visibility location along FM 78 with 242 feet of frontage, 36,730 VPD traffic counts, and dual ingress/egress access points. The property benefits from strong surrounding retail density in the growing Converse submarket of northeast San Antonio.
• Diversified tenant roster across service, food, and medical uses including The Light Dental, Tropicana, Converse Nails & Lounge, Elite 7 Game Room, Smokerz Paradise, and Siplt 78. All tenants are on NNN leases with renewal options ranging from one to two 5-year extensions, providing long-term income stability.
• Minimal landlord management responsibility given the NNN lease structure with tenants responsible for their pro-rata share of operating expenses. Current operating expense ratio is 24.6% of effective gross income, with a 4.60% general vacancy factor underwritten. Annual rent increases of 2-3% across the rent roll provide organic NOl growth.
• Metal-framed, stucco-exterior construction with a TPO roof and slab foundation, representing a low-maintenance physical asset with years of remaining useful life. The site features 62 asphalt parking spaces at a 5.12/1,000 SF ratio, well above typical retail requirements, supporting strong tenant operations and customer accessibility.