8190-8214 FM 78 - Storefront FOR SALE


Converse, TX 78109- Northeast Side
$4,300,000 USD
210-920-6887
8190-8214 FM 78, Converse, TX for Sale
$4,300,000 USD
Storefront - FOR SALE
1/49
null | 7.01% Cap Rate

8190-8214 FM 78
Converse, TX 78109
Northeast Side


HIGHLIGHTS

  • 12,100 SF Multi-Tenant Retail Center - Recent Construction
  • High Visibility Along FM 78 (over 30K VPD)
  • Diversified Tenant Roster
  • NNN Leases

OVERVIEW

• 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.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$352 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Santa Fe Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

OCL

APN/PARCEL ID

05080-700-0980

ASK ABOUT THIS PROPERTY

Ray Kang, CCIMRESOLUT REMore Info
210-920-6887

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Ray Kang, CCIMRESOLUT REMore Info
210-920-6887

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