Property Information
Summary
- Sales Price $3,950,000
- NOI $223,236
- Cap Rate 5.65%
- Occupancy 100%
Investment Overview
Oldham Goodwin is pleased to present Schertz Retail Plaza for your consideration. Schertz Retail Plaza is shadow anchored by a Walmart Supercenter and situated at the intersection of FM-3009 and I-35 in booming Schertz, TX (San Antonio MSA). The center is 100% leased with 70% of the center being occupied by nationally recognized tenants. The center benefits from tremendous day time traffic in the area due to the ease of access to I-35 (over 152,612 VPD) and surrounding retailers including Lowe’s Home Improvement and H-E-B Grocery. Below market rents throughout the center offer the rare opportunity for tremendous future upside potential.
Investment Highlights
- — Super Walmart shadow-anchored strip center located in the fast-growing community of Schertz (San Antonio MSA).
- — Area retailers include H-E-B, Lowes, At Home, Chick-Fil-A, and many others.
- — Tight retail market with very little vacancy or newly delivered space available.
- — 100% occupancy with staggered NNN leases.
- — 70% of the center is occupied by national brands.
- — Below market lease rates across the entire center offer great opportunity to future upside.
- — Very few Landlord Responsibilities with professional thirdparty management in place.
- — Booming industrial area with high daytime population, Tri County Business Park is located directly across the street.
- — Two of Schertz’s largest employer’s (Amazon and Federal Express) are located less than ½ mile from the site.
- — Well positioned on the main entry drive to the Super WalMart, adjacent to Whataburger.
- — Visibility and access from both FM 3009 and Over 31,000 cars per day on FM 3009 and over 150,000 cars per day on I-35.
- — Texas is consistently ranked highly for its business friendly environment.
- — Texas has no State income tax.
- — San Antonio MSA added more new residents than any other city in the United States in 2020 and 2021.
