Marcus & Millichap is pleased to present the opportunity to acquire a 2,691-square-foot, H-E-B shadow-anchored retail center that is well positioned on the high-trafficked Culebra Road in San Antonio, Texas. Originally constructed in 1950 and expanded in 2006, the center is situated on just under .10 acres and includes three separate tenant suites with true absolute net leases.
The subject property is located on Culebra Road, just four miles outside of Downtown San Antonio. Culebra Road sees anywhere between 20,000 to 35,000 vehicles per day. The center is surrounded by multiple neighborhoods and has a population size of 165,323 within three miles and 358,390 within five miles. The average household income within three miles is $56,044 and $62,511 within five miles. Not only is the property surrounded by residential areas but there is also a strong mix of national and local retailers such as H-E-B, Popeyes, Domino’s, EZ Pawn, Dutch Bros, CVS, and many others. There are multiple residential and commercial developments currently under construction or planned around the area. Culebra Crossing is a $47 million, 326-unit, Class A multifamily rental housing project that is breaking ground just a few miles west on Culebra Road.
- 2,691-Square-Foot, Multi-Tenant Strip Center | Three Tenant Suites
- Shadow-Anchored by H-E-B Grocery | H-E-B Drives 2.2 Million Visits Annually (Source: Placer.ai)
- Value-Add Opportunity | Significant Upside Potential in Leasing Vacant Suites or Purchase by an Owner User
- Surrounded by Residential and Commercial Areas | Located Next to a Strong Mix of National and Local Retailers Including CVS, Jack in the Box, Popeyes, AutoZone, and Others
- Area Maintains Strong 98.27% Retail Occupancy Rates
- Positioned Directly off the Intersection of Culebra Road (35,392 VPD) & Bandera Road (19,453 VPD)
- Densely Populated Area with over 350,000 Residents Within 5 Miles and 165,000 Within 3 Miles | Growth Projections Within a 5-Mile Radius is 12.76% Over the Next 5 Years
- San Antonio is a Rapidly Growing Market in South Central Texas | The Metro Sees over 34 Million Visitors Every Year
- The Property is Located Just 4 Miles From Tourist Attractions such as the Alamo, River Walk, and Many Convention and Sport Arenas