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Santa Fe Plaza 8190-8214 FM 78

12,100 SF 100% Leased Retail Building Converse, TX 78109 $4,800,000 ($397/SF) 6.43% Cap Rate

Investment Highlights

  • 100% NNN Leased, with Personal Guarantees & Annual Rent Bumps
  • 6.43% Cap rate
  • In Converse, TX where population is rapidly increasing
  • 12,200 SF Built in 2021
  • Well Located Along local primary traffic Corridor - Located near Wal-Mart Super Center

Executive Summary

Introducing Santa Fe Plaza, an established location for Retail opportunities in Converse, TX. This fully NNN leased center with annual rent bumps in place, and quality construction with plenty of parking, is sure to be a business operators desired location in the area now and well into the future. In the dynamic San Antonio - New Braunfels market, and more specifically Converse. Which has seen outsized growth nearly tripling in population over the past decade. Located along the highest trafficked thoroughfare in the area FM 78. This area is surrounded by vibrant retail centers, popular dining establishments, and enticing entertainment venues, also near the areas Power Center a Wal-Mart Super Center. With a diverse mix of residential communities, schools, and businesses nearby, Santa Fe Plaza benefits from a steady flow of potential customers and a strong sense of community. This bustling location offers it’s tenants an exceptional chance to establish and grow their retail venture in a thriving market, with ample opportunities to attract and captivate patrons. With its strategic positioning and strong community presence, the area ensures convenience for both customers and employees. It has a strong demographic profile within a 5-mile radius boasting nearly 220,000 residents and an average household income of nearly $100,000. Located near Randolph Air Force Base which is a strong steady driver of local businesses revenues. Couple all these factors with a pro-growth and commercial friendly local governance and you have recipe for success.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
12,100 SF
Building Class
B
Year Built
2021
Price
$4,800,000
Price Per SF
$397
Cap Rate
6.43%
NOI
$308,640
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.50 AC
Zoning
OCL - Outside City Limits- Decreased Tax Rate
Parking
57 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
261 FT on FM-78

Amenities

  • 24 Hour Access
  • Drive Thru
  • Air Conditioning

Nearby Major Retailers

Woodforest National Bank
Chili's Grill & Bar
Starbucks
Mcalister's Deli
  • Listing ID: 33831737

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 8190-8214 FM 78, Converse, TX 78109

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