Rigsby Avenue Shopping Center | 2000 SE Loop 410
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Rigsby Avenue Shopping Center 2000 SE Loop 410
64,200 SF 98% Leased Retail Building San Antonio, TX 78220 £8,085,158 (£126/SF) 7.25% Net Initial Yield
Investment Highlights
- 64,200-Square-Foot, Multi-Tenant Retail Center
- 100% Leased | 78% of the GLA has Triple-Net Leases | Future Upside Potential in Converting Gross Leases
- Shadow-Anchored by a Walmart Supercenter
Executive Summary
Marcus & Millichap is pleased to offer the opportunity to acquire a 64,200-square-foot, multi-tenant retail center located in San Antonio, Texas. Rigsby Avenue Shopping Center is 100 percent leased, and 78 percent of the gross leasable area has triple-net lease terms. Anchored by Dollar Tree, the tenant base is a complementary mix of internet-resistant, service-oriented businesses, including Alamo City Urgent Care, Alfonso's Tamales, Republic Finance, Red Star Vapor, AVIS, Homeowners Builder's Showroom, Nopalitos Mexican Restaurant, Nail Salon, CATO, PAE Professional Services, U.S. Armed Forces Recruiting, Brident Dental, Genesis Drug Testing, Baptist Health Systems, Champions Liquor & Wine, Shoe Show, and CATO dba it's Fashion. Constructed in 2002, the center is situated on a 6.09-acre parcel with ample paved parking. A large double-sided monument sign provides additional exposure.
Rigsby Avenue Shopping Center is located on the frontage road of SE Loop 410 (Connally Loop), with multiple ingress and egress points. Traffic counts in front of the property exceed 68,743 vehicles per day on SE Loop 410 (Connally Loop). Shadow-anchored by Walmart Supercenter, the subject property is near other numerous national and regional retailers including Chick-fil-A, Great Clips, Valero Gas Station, Jack in the Box, KFC, Subway, QuikTrip, McDonald's, 7-Eleven, Take 5 Oil Change, Planet Fitness, AutoZone Auto Parts, and many others. The surrounding area benefits from an extremely dense population of more than 155,019 residents within five miles.
Rigsby Avenue Shopping Center is located on the frontage road of SE Loop 410 (Connally Loop), with multiple ingress and egress points. Traffic counts in front of the property exceed 68,743 vehicles per day on SE Loop 410 (Connally Loop). Shadow-anchored by Walmart Supercenter, the subject property is near other numerous national and regional retailers including Chick-fil-A, Great Clips, Valero Gas Station, Jack in the Box, KFC, Subway, QuikTrip, McDonald's, 7-Eleven, Take 5 Oil Change, Planet Fitness, AutoZone Auto Parts, and many others. The surrounding area benefits from an extremely dense population of more than 155,019 residents within five miles.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
64,200 SF
Building Class
B
Year Built
2002
Price
£8,085,158
Price Per SF
£126
Net Initial Yield
7.25%
NOI
£586,174
Percent Leased
98%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.24
Lot Size
6.09 AC
Parking
258 Spaces (5.17 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 12887-000-0210 | Improvements Assessment | £5,875,707 |
Land Assessment | £1,166,343 | Total Assessment | £7,042,050 |
PROPERTY TAXES
Parcel Number
12887-000-0210
Land Assessment
£1,166,343
Improvements Assessment
£5,875,707
Total Assessment
£7,042,050
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Rigsby Avenue Shopping Center | 2000 SE Loop 410
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