Crown Meadow Shopping Center Retail FOR SALE


San Antonio, TX - Crown Meadows
$12,100,000 USD
210-253-6035
, San Antonio, TX for Sale
$12,100,000 USD
Retail - FOR SALE
1/16
null | 7% Cap Rate

Crown Meadow Shopping Center
San Antonio, TX
Crown Meadows


HIGHLIGHTS

  • Significant Upside Through Lease Up of Vacancies
  • Well Established Tenant Base
  • Diverse, Service-Oriented Tenant Lineup
  • Positioned at the Signalized Intersection of Culebra Road and Ingram Road
  • Surrounded By National Credit Tenants and Residential Density
  • Convenient Ingress/Egress with Ample Parking Available

OVERVIEW

Crown Meadows Shopping Center is a rare opportunity for a value-add investor to buy a well located and maintained shopping center below replacement cost with the ability to lease up vacant space and increase in-place rents. The Property is a 52,732 square foot retail center located in a dense infill area of San Antonio, Texas. Positioned at the busy signalized intersection of Ingram Road (550 feet of frontage) and Culebra Road (450 feet of frontage), it’s visible to over 70,000 vehicles per day. Crown Meadows sits just outside of Loop 410 in the densely populated, high-growth Far West Submarket of San Antonio. Crown Meadows is 85% occupied by long tenured, internet-resistant tenants with an average in-place rent of $19.40/sf/yr NNN. This offers new ownership upside through lease up of the vacant space as well as increasing rents at the property. In addition, 10 of the 14 tenants at the property have built in annual rent increases. The Property has a staggered rollover schedule, providing a new owner some stability while the property is leased up. Lastly, Crown Meadows had a new TPO roof installed in 2017 as well as recent parking lot updates, making future repairs and maintenance minimal.

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210-253-6035

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210-253-6035

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