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I-10 RETAIL STRIP CENTER | NNN LEASES 18427 Rim Dr 10,977 SF 100% Leased 4-Star Retail Building San Antonio, TX 78257 $6,810,000 ($620.39/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Synergistic Mix of National and Regional Tenants on NNN Leases. Features Favorable Increases throughout the Initial Term and Options.
- Positioned Along Area’s Major Retail & Traffic Corridor: Features Direct Access and Excellent Visibility from Interstate 10.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $114k and over 136k People Residing within a 5-Mile Radius.
- Mattress Firm, Smoothie King, Nail Salon and Great Clips Extended the Term Demonstrating Strong Commitment to the Location.
- Located within The Rim: Texas’s Largest Power Center with over 1.8 Million Sq.Ft. of Master-Planned Development Comprised of World Class Retail.
- The Rim is the Most Visited Shopping Center in Texas and the 17th in the Nation, with more than 16 Million Annual Visitors.
EXECUTIVE SUMMARY
Located @ The Rim: The Most Visited Shopping Center in Texas | Excellent Visibility from Interstate-10 | Densely Populated and Affluent Area | Epicenter of Activity | Walking Distance from Six Flags and Minutes away from The University of Texas at San Antonio
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,977 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2015
Price
$6,810,000
Price Per SF
$620.39
Cap Rate
6%
NOI
$408,539
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
2.06 AC
Zoning
Commercial
AMENITIES
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14747-005-0130 | Improvements Assessment | $1,871,120 |
| Land Assessment | $3,028,880 | Total Assessment | $4,900,000 |
PROPERTY TAXES
Parcel Number
14747-005-0130
Land Assessment
$3,028,880
Improvements Assessment
$1,871,120
Total Assessment
$4,900,000
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I-10 RETAIL STRIP CENTER | NNN LEASES | 18427 Rim Dr
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