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San Antonio Crossing is a 145,819-square-foot, multi-tenant community retail center located in the northwestern portion of San Antonio, Texas. Anchored by Academy (44% of the GLA) and Conn’s Appliance (28% of the GLA), the center features a strong mix of national retailers with staggered lease expiration dates. San Antonio Crossing is fully leased, and all leases are triple-net. The shopping center is comprised of four multi-tenant buildings featuring attractive architecture, situated on a combined 17.26 acres, which includes two separate pad sites that could be split out and sold separately in the future as upside potential.
The subject property is well positioned in a dense retail trade area on Bandera Road (42,615 vehicles per day) at the signalized intersection with North Loop 1604 West (111,910 vehicles per day). The center is easily accessible from multiple ingress and egress points including a signalized hard corner intersection with Quincy Lee Drive; cumulative traffic counts exceed 162,854 vehicles per day. San Antonio Crossing is shadow-anchored by the top-ranking grocery store in the nation, based on annual visitors (source: Placer Labs, Inc.). The adjacent H-E-B fuel station is also a top-performing location, ranking second out of 240 locations in the state of Texas. Other adjacent pad sites include Bank of America, Chase Bank, and Wendy’s. Numerous national and regional retailers are in the area, including Target, Petco, Office Depot, Chick-fil-A, Dollar Tree, Lowe’s Home Improvement, Kohl’s, T.J. Maxx, Ross, Rack Room Shoes, The Home Depot, Gold’s Gym, and many more.
- 100% Occupied, 145,819-Square-Foot, Multi-Tenant Community Center
- Shadow-Anchored by H-E-B Plus! Grocery Store | Ranks as the #1 Grocery Store in the United States Based on Consumer Traffic (source: Placer Labs, Inc.) | More than 4.1 Million Store Visits Annually
- Anchored by Academy Sports + Outdoors and Conn’s HomePlus
- All Leases are Triple-Net | 94% of the GLA is Leased to National Tenants | Established Tenant Base with Long-Term Leases and Staggered Lease Expiration Dates
- Current Average Rents for the Inline Shop Space are 19% Below Market | Future Upside Potential in Securing Market Rents as Leases Renew
- Property Consists of Four Multi-Tenant Buildings Situated on a Total of 17.26 Acres | Three Well Placed Double-Sided Monument Signs Provide Additional Exposure
- Includes Two Separate Pad Sites Fronting Bandera Road that Provide Future Flexibility
- Attractive Assumable Financing In Place | Interest Only with Five Years Remaining on the Term | 4.80% Interest Rate
- Separate Financing Possible for the Starbucks and MOD Pizza Income (Their Leases are Not a Part of Current Loan Collateral) | Starbucks at this Location Ranks in the 86th Percentile Within a 15-Mile Radius and 76th Percentile for the State of Texas Compared to Other Starbucks Stores Based on Consumer Traffic (source: Placer Labs)
- Strategically Located in a Dense Retail Trade Area in the Northeastern Quadrant of Charles William Anderson Loop/Loop 1604 West and Bandera Road Intersection
- Property is Easily Accessible from Numerous Ingress and Egress Points Included a Signalized Hard Corner at the Intersection of Bandera Road and Quincy Lee Drive | Cumulative Traffic Counts Exceed 162,854 Vehicles Per Day
- Adjacent Pad Sites Include H-E-B Fuel Station, Bank of America, Chase Bank, and Wendy’s (Not a Part)
- Surrounding Area has Strong Demographics | Densely Populated with 245,704 Residents within Five Miles | Average Household Income is $102,816 within One Mile; $102,025 within Three Miles; $95,863 within Five Miles
- Approximately Five Miles from Major Traffic Drivers Such as The University of Texas at San Antonio (34,000+ Students), Valero Corporate Office (9,000+ Employees), USAA Headquarters (19,000 Employees) Six Flags Fiesta Texas, and The Shops at La Cantera
