Blanco Crossing

Price: $7,911,000
Sq. Ft.: 22,606
Cap Rate: 6.25%
Pro Forma Cap Rate: 7.55%
Built: 2002

Marcus & Millichap is pleased to present the opportunity to acquire a 22,606-square-foot, multi-tenant retail center located in a highly affluent area of San Antonio, Texas. Blanco Crossing is currently 89 percent occupied, providing upside potential in leasing the remaining vacant space. All current leases are triple-net, and the tenant base is a complementary mix of service-oriented businesses, including Sake Cafe Sushi Bar & Grill, Blanco Crossing Veterinary, The Mailing Spot, Ghias Jabbour DDS, Victory Martial Arts, KC Pet Products, Cafe Vida II, Victoria Custom Tailoring, Kennedy’s, and 4 Seasons Nails. Constructed in 2002, the building is situated on a 2.127-acre lot with ample concrete parking.  A large double-sided pylon sign provides additional exposure to the center.

  • 22,606-Square-Foot, Multi-Tenant Shopping Center
  • Value-Add Opportunity | 89% Occupied | Upside Potential in Leasing Vacant Space | Pro Forma Cap Rate is 7.55%
  • All Leases are Triple-Net | Tenants are a Complementary Mix of Service-Oriented, Internet-Resistant Businesses
  • 100% of the Current Leases have Personal Guarantees
  • Established Tenant Base with Long-Term Leases | Majority of the Leases have Scheduled Annual Rent Escalations
  • Current Average Rents are Well Below Market | All Leases Have Options for Renewal at Market Rates
  • Large Double-Sided Pylon Sign Facing Blanco Road Provides Additional Exposure
  • Signalized, Hard Corner of Blanco Road and Huebner Road | High-Traffic Location with Cumulative Traffic Counts Exceeding 58,330 Vehicles Per Day
  • Located Approximately One Mile North of Loop 1604 | Dense Retail Trade Area with Numerous National and Regional Retailers Including Target, Whole Foods Market, Lowe’s Home Improvement, H-E-B Plus!, LA Fitness, and Many More
  • Highly Affluent Area with an Average Household Income of $139,494 within One Mile, $130,250 within Three Miles, and $112,370 within Five Miles
  • Located Approximately 10 Miles from San Antonio International Airport | More Than 8.5 Million Passengers Annually