Rafi Center Rafi Center Rafi Center | 6120-6136 Montgomery Dr
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Rafi Center Rafi Center Rafi Center 6120-6136 Montgomery Dr
8,000 SF 100% Leased Retail Building San Antonio, TX 78239 $1,450,000 ($181/SF) 5.28% Cap Rate
Investment Highlights
- Heavy traffic
- Tenant pay on time
- Totally Leased
Executive Summary
Fully occupied Retail Strip. ***Property is under market price*** We have a restaurant, private tatoo palor, christan church, mosque, and a spanish christian church. Rent roll will be attached. We are also selling all land which includes frontage and side of this property. This two lots are already zoned as well for C-2 . Tenants are responsible for Hvac system, plumbing, electrical inside their space. Owner only handles structural issues and roof. All tenants are current and have been long term (tatoo is the only one new). This property is a low maintenance commercial building.
2 lots being sold with this property. Extend your retail bldg. Or build an independent bldg. Create additional cash flow.
Owner financing available. 30% down 20 year armortization 3 year balloon with 11% interest rate.
2 lots being sold with this property. Extend your retail bldg. Or build an independent bldg. Create additional cash flow.
Owner financing available. 30% down 20 year armortization 3 year balloon with 11% interest rate.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
C
Year Built/Renovated
1971/2022
Price
$1,450,000
Price Per SF
$181
Cap Rate
5.28%
NOI
$76,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Land Acres
1.87 AC
Zoning
C-2
Parking
20 Spaces (2.5 Spaces per 1,000 SF Leased)
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Carmen T. Mullins
- Services
- 1,000 SF
- -
- Triple Net
- Jun 2024
- GLESIA LA GRAN COMISION AIPJ INC
- Services
- 2,400 SF
- -
- Triple Net
- Nov 2024
- KEITH HARRIS
- Services
- 800 SF
- -
- Full Service Gross
- Dec 2023
- Potter House
- Services
- 1,400 SF
- -
- Triple Net
- Aug 2024
- ZAYRA'S MEXICAN RESTAURANT
- Services
- 2,400 SF
- -
- Triple Net
- Dec 2024
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Carmen T. Mullins | Services | 1,000 SF | - | Triple Net | Jun 2024 | |
| GLESIA LA GRAN COMISION AIPJ INC | Services | 2,400 SF | - | Triple Net | Nov 2024 | |
| KEITH HARRIS | Services | 800 SF | - | Full Service Gross | Dec 2023 | |
| Potter House | Services | 1,400 SF | - | Triple Net | Aug 2024 | |
| ZAYRA'S MEXICAN RESTAURANT | Services | 2,400 SF | - | Triple Net | Dec 2024 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $508,930 | |
| Land Assessment | $350,224 | Total Assessment | $853,004 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$350,224
Improvements Assessment
$508,930
Total Assessment
$853,004
-
Esmeralda Colon-zuniga -
Safeco Realtors
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Rafi Center Rafi Center Rafi Center | 6120-6136 Montgomery Dr
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