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Encino Commons 21918 US 281 10,800 SF 73% Leased Retail Building San Antonio, TX 78259 $5,761,616 ($533.48/SF) 6.25% Cap Rate



Investment Highlights
- Highly visible location from Highway 281 with exposure to over 70,000 vehicles per day, with additional constant foot traffic.
- Prime location with direct access from Highway 281 and TPC Parkway, providing seamless access for added customer convenience.
- Multiple NNN leases are currently in place with Potbelly Tropical Smoothie Cafe and ATI Physical Therapy, generating immediate cash flow.
- Well-maintained retail center featuring glass storefronts, signage opportunities, and approximately 100 on-site parking spots.
Executive Summary
Encino Commons is a 10,800-square-foot building currently for at a high-traffic location in North San Antonio. The shopping center offers exceptional frontage and exposure to over 70,000 vehicles per day along Highway 281, with convenient access from TPC (Tournament Players Club) Parkway, and Highway 281, making it an ideal location for retail, showroom, or service-oriented users seeking strong brand visibility, seamless accessibility, and a thriving tenant mix.
The property is currently 73.2 % leased with tenants that include well-known national and regional retailers such as Potbelly Sandwich Shop with drive-through access, Tropical Smoothie Cafe, and ATI Physical Therapy, all NNN leases providing a turnkey cash-flow investment. Encino Commons is adjacent to a major Super Target-anchored Village at Stone Oak and an HEB-anchored Stone Ridge Market, positioning the space within one of the most established and desirable retail corridors in the market. enhancing foot traffic and consumer draw.
Situated in a fast-growing, high-income area of North San Antonio, the property serves affluent surrounding communities, including Stone Oak, Encino Park, Timberwood Park, Canyon Springs, Sonterra, and Bulverde, in a densely populated area with more than 512,500 residents and over $6.7 billion in consumer spending in 2024. The well-maintained retail center features approximately 100 parking spaces, prominent signage opportunities, and modern glass-faced storefronts, offering strong curb appeal and functionality for a wide range of retail tenants.
This prime San Antonio retail space for sale was built in 2018 and is located within one of the fastest-growing metro areas in the United States. Encino Commons is positioned in a busy, high-traffic area that supports long-term retail success.
The property is currently 73.2 % leased with tenants that include well-known national and regional retailers such as Potbelly Sandwich Shop with drive-through access, Tropical Smoothie Cafe, and ATI Physical Therapy, all NNN leases providing a turnkey cash-flow investment. Encino Commons is adjacent to a major Super Target-anchored Village at Stone Oak and an HEB-anchored Stone Ridge Market, positioning the space within one of the most established and desirable retail corridors in the market. enhancing foot traffic and consumer draw.
Situated in a fast-growing, high-income area of North San Antonio, the property serves affluent surrounding communities, including Stone Oak, Encino Park, Timberwood Park, Canyon Springs, Sonterra, and Bulverde, in a densely populated area with more than 512,500 residents and over $6.7 billion in consumer spending in 2024. The well-maintained retail center features approximately 100 parking spaces, prominent signage opportunities, and modern glass-faced storefronts, offering strong curb appeal and functionality for a wide range of retail tenants.
This prime San Antonio retail space for sale was built in 2018 and is located within one of the fastest-growing metro areas in the United States. Encino Commons is positioned in a busy, high-traffic area that supports long-term retail success.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,800 SF
Building Class
B
Year Built
2018
Price
$5,761,616
Price Per SF
$533.48
Cap Rate
6.25%
NOI
$360,101
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.56 AC
Zoning
C3 - General Commercial District
Parking
100 Spaces (9.26 Spaces per 1,000 SF Leased)
Frontage
99’ on U.S. 281
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This highly visible 2,900-square-foot second-generation mattress store retail space is available for lease.
| Space | Size | Space Use | Position | Available |
| 101 | 2,900 SF | Retail | - | Now |
101
| Size |
| 2,900 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
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101
| Size | 2,900 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
This highly visible 2,900-square-foot second-generation mattress store retail space is available for lease.
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2024 Population
12,632
82,922
183,685
271,264
2029 Population
13,817
88,837
196,338
286,779
2024-2029 Projected Population Growth
9.4%
7.1%
6.9%
5.7%
Median Age
36.0
37.0
38.2
39.5
College Degree + Higher
48%
52%
50%
32%
Daytime Employees
5,832
31,258
62,521
122,498
Total Businesses
674
3,771
8,199
15,682
Average Household Income
$118,088
$128,199
$123,930
$133,114
Median Household Income
$93,932
$103,212
$99,464
$105,888
Total Consumer Spending
$161.3M
$1.1B
$2.5B
$3.8B
2024 Households
4,645
29,592
67,152
103,395
Average Home Value
$396,861
$399,207
$380,979
$475,862
Nearby Major Retailers
Property Taxes
| Parcel Number | 17600-027-0090 | Improvements Assessment | $2,375,820 |
| Land Assessment | $2,634,180 | Total Assessment | $5,010,000 |
Property Taxes
Parcel Number
17600-027-0090
Land Assessment
$2,634,180
Improvements Assessment
$2,375,820
Total Assessment
$5,010,000
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Encino Commons | 21918 US 281
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