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Retail Space 3999 Hwy 16 South

6,900 SF 100% Leased Retail Building Bandera, TX 78003 $3,250,000 ($471/SF) 8.25% Cap Rate

Investment Highlights

  • Excellent Daily Traffic County
  • High Daily Fuel Sales
  • Additional Land for Growth
  • Captive Local Customer Base
  • 5-Bay Self-Serve Carwash

Executive Summary

Freshly branded Valero fuel location with Drive-thru Convenience Store, Office Retail, mezzanine storage, 5-Bay Self-Serve Carwash, Flex space, additional land and beautiful traffic signaled hard-corner in the NW San Antonio MSA (located between Helotes and Bandera). This represents an opportunity for an Investor or Owner-Operator to step into a newly remodeled and newly opened Valero Branded fueling location with a freshly inventoried Convenience Store with a Drive-thru feature. The location awaits its Beer/Wine permit; however, inside sales are very promising and fuel sales have been very strong.
The property consists of nearly 5-acres and improvements include the main 7,000s.f. building facing State Highway 16 near the town of Bandera, Texas. Also included is a 5-Bay Self Serve carwash with new vacuums, electronic vending units and high-bay canopy. The property features an additional building currently leased as a Flex-space to a local Plumbing Company. The property has nearly 2 additional acres of open land with a separate meter, septic and water-line. This area could serve as a source for additional income generating rentals or enhancement of the fuel delivery offerings at the location to large trucks. There are many options for this property that is located in the County but not within the City Limits of Bandera, Texas.
If you are an Investor or Owner Operator seeking a highly visible location with excellent daily traffic counts and a very captive local audience (two subdivisions support this location along with newly constructed RV Parks in the area) you should certainly consider this opportunity. The property boasts two additional park-like areas where outdoor venues would be perfect augmentations to the overall foot-print of the property. For your private showing and further offering consideration, please contact me for a full offering package.

Financial Summary (Actual - 2021)

Annual Annual Per SF
Gross Rental Income $36,250 $5.25
Other Income $242,500 $35.14
Vacancy Loss - -
Effective Gross Income $278,750 $40.40
Taxes $7,820 $1.13
Operating Expenses $11,320 $1.64
Total Expenses $19,140 $2.77
Net Operating Income $259,610 $37.62

Financial Summary (Actual - 2021)

Gross Rental Income
Annual $36,250
Annual Per SF $5.25
Other Income
Annual $242,500
Annual Per SF $35.14
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $278,750
Annual Per SF $40.40
Taxes
Annual $7,820
Annual Per SF $1.13
Operating Expenses
Annual $11,320
Annual Per SF $1.64
Total Expenses
Annual $19,140
Annual Per SF $2.77
Net Operating Income
Annual $259,610
Annual Per SF $37.62

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,900 SF
Building Class
C
Year Built/Renovated
2006/2021
Price
$3,250,000
Price Per SF
$471
Cap Rate
8.25%
NOI
$268,125
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
4.80 AC
Zoning
Commercial - Unrestricted Zoning (County - Not City)
Parking
30 Spaces (4.34 Spaces per 1,000 SF Leased)
Frontage
82 FT on King Ranch Rd

Amenities

  • Bus Line
  • Pylon Sign
  • Waterfront

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Crossroads Valero C-Store/Drive Thru
  • Retailer
  • 3,900 SF
  • $1.00
  • Negotiable
  • -
  • Dapper J - Leather Repair
  • Services
  • 1,720 SF
  • $1.00
  • Net
  • Dec 2022
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Crossroads Valero C-Store/Drive Thru Retailer 3,900 SF $1.00 Negotiable -
Dapper J - Leather Repair Services 1,720 SF $1.00 Net Dec 2022

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
152965
Land Assessment
$123,500 (2024)
Improvements Assessment
$2,761,060 (2024)
Total Assessment
$1,134,672 (2024)
Annual Taxes
$7,820 ($1.13/SF)
Tax Year
2021
  • Listing ID: 26879261

  • Date on Market: 10/18/2022

  • Last Updated:

  • Address: 3999 Hwy 16 South, Bandera, TX 78003

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