8111 Mainland Dr
San Antonio, TX 78240
Bandera Mainland Center · Retail Property For Sale

Value-Add Opportunity – The Property is well located in an affluent and densely populated area. Within a 5-mile radius, there are over 360,000 residents with an above-average household income of over $71,200. According to Costar, the 5-mile radius population is expected to grow by another 9.1% by 2022. With an occupancy of 53.7%, the offering provides an excellent value-add opportunity at a low basis well below replacement cost. Additionally, the Property is located in the Northwest submarket where average asking rents have increased each year since 2014 and peaked at $18.04 per square foot triple net as of third quarter 2017. Due to its excellent location near the area’s main retail corridor and its proximity to the Walmart Supercenter, the Property achieves higher than market rental rates. Premium Location – The Property is well located near Bandera Road, the main retail corridor in the submarket with daily traffic counts of more than 53,000 vehicles. Facilitated access to San Antonio’s major highways via State Highway 1604 and Interstate 410 primes Bandera at Mainland Shopping Center with significant traffic flow. The Property is located approximately fourteen miles northwest of downtown San Antonio and is adjacent to Leon Valley, Braun Hollow, French Creek, and the Quail Creek communities. Excellent Retail Corridor – The majority of recent retail developments are located along Bandera Road. Nearby retailers providing additional traffic to the area include Walmart Supercenter, Chase Bank, AutoZone, O’Reilly Auto Parts, Starbucks, Big Lots, HEB Grocery, and more. Additionally, the Property has direct ingress/egress access to the Walmart Supercenter and Chase Bank, which drive additional traffic to the Center. Strong Recent Development – Recent developments within the Property’s submarket include Westover Hills, a 1,270-acre large scale master-planned, mixed use development. Businesses within Westover Hills include SeaWorld of Texas, Hyatt Regency Hill Country Resort, Phillips Semiconductor, The American Funds Group, JP Morgan Chase Bank, The Capital Group, Hartford, Northwest Vista College, Takata, First Health, and QVC Networks. Wachovia Bank’s data center (former World Savings data center),is a major employer within Westover Hills as well. The Westover Hills development continues to expand and recently added a 400,000 square-foot Microsoft data center. Valero Energy, Christus, and Frost Bank have also developed data centers within Westover Hills.