Autumn Heights | 7215 E Loop 1604
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Autumn Heights 7215 E Loop 1604
13,949 SF 100% Leased Retail Building Converse, TX 78109 $5,413,940 ($388/SF) 6.75% Cap Rate
Investment Highlights
- National Tenants - Come join these national tenants who drive a lot of foot traffic to the center.
- Visibility - Cars cannot miss the amazing visibility of this center right along Loop 1604.
- Converse - The city is forecasting a growth rate of over 400% in the next 10 years.
Executive Summary
Autumn Heights is a 13,949 square foot retail strip center in Converse, east of San Antonio. The property is located on highly trafficked Loop 1604 in one of San Antonio's fastest growing suburbs.
Built in 2020 and located on Loop 1604, the property is highly visible with 21,567 vehicles per day on the highway. The property has its main entrance on Loop 1604 as well as cross access with the neighborhood market adjacent.
There is a major population growth in this area. The population of Converse has grown 75% over the last 6 years. The median household income continues to climb and is over $91,200, demonstrating dual-income households with discretionary income.
The property's rent roll is strategically crafted to have tenants expiring in different years to help maintain strong occupancy and consistent rent growth.
The property is 100% occupied by nine tenants with strong co-tenancy. Six of the nine tenants are experienced multi-unit operators or national franchises.
Built in 2020 and located on Loop 1604, the property is highly visible with 21,567 vehicles per day on the highway. The property has its main entrance on Loop 1604 as well as cross access with the neighborhood market adjacent.
There is a major population growth in this area. The population of Converse has grown 75% over the last 6 years. The median household income continues to climb and is over $91,200, demonstrating dual-income households with discretionary income.
The property's rent roll is strategically crafted to have tenants expiring in different years to help maintain strong occupancy and consistent rent growth.
The property is 100% occupied by nine tenants with strong co-tenancy. Six of the nine tenants are experienced multi-unit operators or national franchises.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
13,949 SF
Building Class
B
Year Built
2020
Price
$5,413,940
Price Per SF
$388
Cap Rate
6.75%
NOI
$365,441
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Land Acres
2.09 AC
Zoning
OCL - Outside City Limits
Parking
49 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
289 FT on Loop 1604
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Donna Havel -
Alexandria Tatem -
Chad Knibbe -
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Autumn Heights | 7215 E Loop 1604
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