Military Plaza

Price: $3,459,000
Sq. Ft.: 8,500
Cap Rate: 7.0%
Built: 2006

Marcus & Millichap is pleased to offer the opportunity to acquire an 8,500-square foot, multi-tenant retail center located in a dense retail trade corridor that enjoys extremely high traffic counts in San Antonio, Texas. Military Plaza is currently 100 percent occupied, and 87 percent of the gross leasable area has triple-net leases. The center is a complementary mix of credit and local tenants, consisting of Verizon Wireless, GameStop, Advance America, OPI Nails, and Pro Tax Plus. Constructed in 2006, the building is situated on a 0.85-acre lot.

The subject property sits on the west side of Northwest Loop 410 near the signalized intersection with West Military Drive. One of the most heavily traveled freeways in the region, traffic counts in front of Military Plaza on Loop 410 are over 190,000 vehicles per day. The property is an out parcel to Walmart Supercenter. Numerous other national and regional tenants are in the surrounding area, including Academy Sports and Outdoors, Harbor Freight Tools, LA Fitness, Cheddar’s Scratch Kitchen, Wells Fargo Bank, Chase Bank, Lowe’s Home Improvement, The Home Depot, Target, Ross Dress for Less, PetSmart, Office Depot, Dollar Tree, Five Below, Main Event, Cracker Barrel, Chili’s Grill and Bar, and many others.

  • 8,500-Square Foot, Multi-Tenant Retail Center
  • Out Parcel to Walmart Supercenter
  • 100% Occupied | 87% of the Gross Leasable Area has Triple-Net Leases
  • Complementary Mix of Credit and Local Tenants
  • High-Trafficked Freeway Location on Northwest Loop 410 Near the Signalized Intersection with Military Drive | Traffic Counts in front of the Property are more than 190,000 Vehicles per Day
  • Multiple Ingress and Egress Points Provide Easy Access to the Property
  • Located in a Dense Retail Corridor with Numerous National Retailers Nearby, Including Lowe’s Home Improvement, Target, The Home Depot, Academy Sports and Outdoors, LA Fitness, Ross Dress for Less, Office Depot, and Many More
  • Directly Across from Texas Biomedical Research Institute | 200-Acre Campus with more than 350 Employees
  • Well-Positioned in a Dense Residential Area | Population Exceeds 271,600 Residents within a Five-Mile Radius
  • San Antonio is the Seventh-Largest City in the United States
  • Top Tourist Destination | The City has 37 Million Visitors Annually | Economic Impact of $15.3 Billion