Marcus & Millichap is pleased to present the opportunity to acquire a value-add 31,255-square-foot, multi-tenant retail center located in a densely populated area in San Antonio, Texas. The center is 78 percent occupied, with all triple-net leases. The tenant base is a complimentary mix of restaurants and service-oriented businesses, including Rays Pizzeria, Hacienda Patron, Singapore Chinese, Fitzgerald’s Bar and several other tenants.
San Pedro Place has a well-positioned grandfathered in sign at the frontage road entrance providing great visibility to the center. The subject property benefits from high traffic counts on San Pedro Ave with 38,224 vehicles per day and over 240,00 vehicles per day off Northwest Loop 410. Located in a densely populated area, the population is approximately 99,353 within a three-mile radius and 310,008 residents within a five-mile radius. Surrounding demographics are strong with an average household income of $82,892 within one mile, $84,118 within three-miles and $89,068 within five-miles. The subject property is less than a mile away from North Star Mall and surrounded by many national and regional retailers including Whataburger, Target, Goodwill, Best Buy, PetCo, World Market and Five Below.
- 31,255-Square-Foot, Multi-Tenant Retail Center
- 78% Occupied | 100% of Gross Leasable Area has Triple-Net Leases
- Tenant Base is a Complementary Mix of Restaurants and Service-Oriented Businesses
- Current Average Rents are Below Market
- Well Positioned Grandfathered In Sign at the Frontage Road Entrance Providing Great Visibility to Center
- Benefits from High Traffic Counts on San Pedro Ave with 38,224 Vehicles Per Day and over 240,00 Vehicles Per Day off Northwest Loop 410
- Close Proximity to North Star Mall | Nearby National and Regional Retailers Include Whataburger, Target, Goodwill, Best Buy, Petco, World Market and Five Below
- Desirable Demographics | Densely Populated with Approximately 99,353 Residents within a Three-Mile Radius | 310,008 Residents within a Five-Mile Radius | Average Household Income of $82,892 within One-Mile | $84,118 within Three-Miles | $89,068 within Five-Miles
- Approximately Ten Miles from Several of the City’s Major Traffic Drivers, including The University of Texas at San Antonio Campus, Valero Corporate Office, and USAA Headquarters
- San Antonio is Known as the Top Tourist Destination in the State, Hosting 37 Million Visitors Annually and Providing an Economic Impact of $16.2 Billion
