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11860 Blanco Rd 2,314 SF Retail Building San Antonio, TX 78216 $2,800,000 ($1,210.03/SF) 6% Cap Rate
Investment Highlights
- Strong regional operator with a long-standing brand presence in Texas
- Stable, Predictable Cash Flow
- Surrounded by dense residential neighborhoods and strong retail traffic drivers
- Prime North San Antonio Location on Blanco Road
- Excellent visibility, access, and signage along a major commercial corridor
Executive Summary
Freestanding Las Palapas restaurant located on high-traffic Blanco Road in North San Antonio
Strong regional operator with a long-standing brand presence in Texas
NNN lease structure (tenant responsible for taxes, insurance, and maintenance)
Long-term lease in place, providing stable and predictable cash flow
Excellent visibility, access, and signage along a major commercial corridor
Surrounded by dense residential neighborhoods and strong retail traffic drivers
Ideal for 1031 exchange buyers, private investors, and long-term hold strategies
Opportunity to acquire a single-tenant, passive investment with minimal landlord responsibilities
Client is looking to continue operating in space for long term.
Strong regional operator with a long-standing brand presence in Texas
NNN lease structure (tenant responsible for taxes, insurance, and maintenance)
Long-term lease in place, providing stable and predictable cash flow
Excellent visibility, access, and signage along a major commercial corridor
Surrounded by dense residential neighborhoods and strong retail traffic drivers
Ideal for 1031 exchange buyers, private investors, and long-term hold strategies
Opportunity to acquire a single-tenant, passive investment with minimal landlord responsibilities
Client is looking to continue operating in space for long term.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,314 SF
Building Class
B
Year Built
1989
Price
$2,800,000
Price Per SF
$1,210.03
Cap Rate
6%
NOI
$168,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.43 AC
Zoning
Commercial District - Commercial District
Parking
25 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 16249-006-0230 | Improvements Assessment | $457,920 |
| Land Assessment | $309,080 | Total Assessment | $767,000 |
Property Taxes
Parcel Number
16249-006-0230
Land Assessment
$309,080
Improvements Assessment
$457,920
Total Assessment
$767,000
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11860 Blanco Rd
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