Broadway Street Retail Center

Price: $12,851,000
Sq. Ft.: 39,333
Cap Rate: 6.29%
Built: 2006/2018

Marcus & Millichap is pleased to present the opportunity to acquire a 39,333-square foot, two-story, multi-tenant center located in a highly desirable area of northern San Antonio, Texas. Broadway Street Retail Center is 100 percent occupied, and all leases are triple-net. Tenants are a complementary mix of retail, office, and medical businesses, including, Capo’s Pizza, Broadway Nails & Lash, Paradox Partners, Nova Medical & Urgent Care Center, Dr. Stan Shelton, DDS, First National Bank of Texas, San Antonio Office Partners, First Edge Management, and Professional Contract Services. Originally constructed in 2006 and renovated in 2018, the building is situated on 2.43 acres with ample paved parking and two highly-visible pylon signs that provide additional exposure to the center.

  • 39,333-Square-Foot, Mixed-Use Center | Complementary Mix of Retail, Office and Medical Tenants
  • Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net | Staggered Lease Expiration Dates
  • Current Average Rents are Below Market
  • Two-Story Building Situated on a 2.43-Acre Lot with Ample Paved Parking Including 25 Covered Spaces | Seller Reports Significant Property Renovations Completed in 2018 | Two Large Double-Sided Pylon Signs Provide Additional Exposure to the Center
  • Adjacent Pad Sites Include Chili’s Grill & Bar and Wells Fargo Bank (Not a Part)
  • Well Positioned at the Signalized, Hard Corner of Broadway Street and NE Interstate 410 Loop (Connally Loop) with Excellent Freeway Visibility | Easily Accessible from Multiple Ingress and Egress Points
  • Extremely High Traffic Counts of Approximately 210,180 VPD on Connally Loop and 26,734 VPD on Broadway Street
  • Directly East of San Antonio International Airport | Serves more than 8.5 Million Passengers Annually
  • Close Proximity to Some of San Antonio’s Most Prestigious Neighborhoods Including Alamo Heights, Terrell Hills and Olmos Park
  • Desirable Demographics | The Population Exceeds 306,400 Residents within a Five-Mile Radius | The Average Household Income is Approximately $83,398 within One Mile; $87,614 within Three Miles; and $79,249 within Five Miles