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4801-4809 Lakebend West Dr 8,280 SF 100% Leased Retail Building San Antonio, TX 78244 $1,050,000 ($126.81/SF) 8.47% Cap Rate



INVESTMENT HIGHLIGHTS
- Fully occupied retail building, presenting a strong investment opportunity in a well-established and growing area.
- Spanning 8,280 square feet on 0.9 acres, situated near a dense residential neighborhood, retail destinations, and schools.
- Current tenants are paying below-market rates, generating a total of $9,350 per month in rent for the next two years, resulting in an 8.47% cap rate.
- Highly accessible location close to Interstate 35 and Loop 410, as well as convenient bus line access.
EXECUTIVE SUMMARY
Located at 4801-4809 Lakebend West Drive, this fully renovated retail strip center offers an exceptional investment opportunity in one of San Antonio’s fastest-growing corridors. The property spans 8,280 square feet on a 0.90-acre corner lot with 300 feet of frontage and 45 parking spaces, providing excellent visibility and seamless ingress and egress. Positioned off FM 78 near a signalized intersection, the center benefits from exposure to over 22,000 vehicles per day and serves a densely populated trade area of more than 715,000 residents within a 10-mile radius and 215,000 residents within 5 miles.
The building is 100% leased to three tenants with leases of two years or more remaining, all of whom are paying below-market rents, creating significant upside potential for investors. This value-add property is situated in a thriving retail corridor, anchored by a top-performing H-E-B grocery store, Walmart Supercenter, Dollar Tree, and Family Dollar, and is surrounded by established residential communities, including Montabella Pointe Apartments. The location offers excellent connectivity with proximity to Interstate 35, Loop 410, San Antonio International Airport, and the San Antonio Amtrak Station, as well as convenient bus line access.
San Antonio continues to rank among the top destinations for domestic migration and job growth, fueling strong retail demand and expansion opportunities. With its strategic corner location, high traffic counts, and strong demographics, this property is an ideal investment opportunity for those seeking a stable, income-producing asset with long-term growth potential.
The building is 100% leased to three tenants with leases of two years or more remaining, all of whom are paying below-market rents, creating significant upside potential for investors. This value-add property is situated in a thriving retail corridor, anchored by a top-performing H-E-B grocery store, Walmart Supercenter, Dollar Tree, and Family Dollar, and is surrounded by established residential communities, including Montabella Pointe Apartments. The location offers excellent connectivity with proximity to Interstate 35, Loop 410, San Antonio International Airport, and the San Antonio Amtrak Station, as well as convenient bus line access.
San Antonio continues to rank among the top destinations for domestic migration and job growth, fueling strong retail demand and expansion opportunities. With its strategic corner location, high traffic counts, and strong demographics, this property is an ideal investment opportunity for those seeking a stable, income-producing asset with long-term growth potential.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
8,280 SF
Building Class
C
Year Built/Renovated
1975/2024
Price
$1,050,000
Price Per SF
$126.81
Cap Rate
8.47%
NOI
$88,884
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.90 AC
Zoning
OCL - (Outside City Limits) which allows almost all retail uses.
Parking
45 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
300’ on Lakebend West Dr
AMENITIES
- Bus Line
- Pylon Sign
- Signage
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
19,380
98,484
205,555
273,051
2029 Population
20,592
105,374
219,393
288,954
2024-2029 Projected Population Growth
6.3%
7.0%
6.7%
5.8%
Median Age
32.7
33.8
34.5
35.4
College Degree + Higher
19%
19%
21%
15%
Daytime Employees
2,782
20,883
60,363
79,864
Total Businesses
370
1,776
7,785
9,885
Average Household Income
$78,975
$73,830
$74,259
$85,732
Median Household Income
$61,555
$60,072
$58,699
$68,072
Total Consumer Spending
$184.4M
$939M
$2B
$2.7B
2024 Households
6,273
32,640
71,239
94,952
Average Home Value
$180,961
$182,254
$200,714
$256,148
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05076-000-0074 | Improvements Assessment | $319,560 |
| Land Assessment | $165,440 | Total Assessment | $485,000 |
PROPERTY TAXES
Parcel Number
05076-000-0074
Land Assessment
$165,440
Improvements Assessment
$319,560
Total Assessment
$485,000
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4801-4809 Lakebend West Dr
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