Marcus & Millichap is pleased to offer the opportunity to acquire a 46,797-square-foot, multi-tenant retail center that is located in the densely populated area in San Antonio, Texas. President’s Square is anchored by Crunch Fitness and CSL Plasma; other tenants include SmileCare Dental & Braces, Metro by T-Mobile, Liberty Tax, and AEA Insurance Agency. The center is 97 percent occupied, and all leases are triple-net. The shopping center is comprised of two buildings situated on 4.58 acres with ample paved parking. A large monument sign provides additional exposure to the center. Seller reports improvements totaling more than $3,000,000 during ownership.
President’s Square is located on the corner of Marbach Road and Cable Ranch Road, just west of the intersection with Loop 410. Cumulative traffic counts are approximately 45,000 vehicles per day, and Loop 410 has extremely high traffic counts of 130,869 vehicles per day. The property is easily accessible from multiple ingress and egress points from Marbach Road and Cable Ranch Road. President’s Square is well positioned near many national and regional retailers, including an H-E-B Grocery, AT&T, Avis Car Rental, Subway, Chick-Fil-A, Conn’s HomePlus, Firestone Complete Auto Care, Red Lobster, McDonald’s, Goodwill, Planet Fitness, dd’s Discounts, WingStop, GameStop, Big Lots, Discount Tire, NAPA Auto Parts, Walgreens, O’Reilly Auto Parts, Walmart Neighborhood Market and many more. The surrounding area is densely populated with 120,703 residents within three miles and 267,633 residents within five miles of the property.
- 46,797-Square-Foot, Multi-Tenant Retail Center | 97% Occupied | All Leases are Triple-Net
- Upside Potential in Leasing Remaining Vacancy
- Anchored by Crunch Fitness Center (50% of the GLA) and CSL Plasma (33% of the GLA)
- Crunch Fitness has 12 Years Remaining on the Primary Term and Includes Annual Rent Escalations
- Current Average Rents are Below Market
- Tenant Base is Comprised Largely of National Businesses | 39% of the Gross Leasable Area is Medical
- Comprised of Two Buildings Situated on a 4.58-Acre Lot | Large Monument Sign Provides Additional Exposure
- Located at the Intersection of Marbach Road and Cable Ranch Road, One Block West of Loop 410 | Easily Accessible from Multiple Ingress and Egress Points | Cumulative Traffic Counts Exceed 45,000 Vehicles per Day | Extremely High Traffic Counts of 130,869 Vehicles per Day on Loop 410
- Across the Road from an H-E-B Grocery-Anchored Shopping Center and in Close Proximity to Numerous National and Regional Tenants
- Well Positioned to Serve a Densely Populated Area | Five-Mile Population Exceeds 267,630 Residents
- Located Approximately Five Miles Northwest of Lackland Air Force Base | Home to a Population of 46,500+ Active Duty Military and Civilians
- San Antonio is a Top Tourist Destination, Including Attractions Such As The Alamo, River Walk, SeaWorld, and Six Flags Fiesta Texas | 20+ Million Visitors Annually
