Austin Highway Retail Strip

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Property Details

Offering Price:

Gross Leasable Area:

# of Tenants:

Lot Size:

Year Built:

$2,450,000

11,440 sqft

7

0.99 Acres

1970/1980

Retail Multi-tenant

1363-1375 Austin Highway, San Antonio, Texas 78201

$2,450,000
Listing Price

$214.16
Price/Gross SF

Highlights

  • LOCATION, LOCATION, LOCATION
    Highest concentration of major national retailers in one of the most active construction regions in the Northeast Submarket, currently featuring a combined $3.2B asset value.
     

  • REDEVELOPMENT APPEAL
    Hard, signalized corner with C-2 Zoning centrally located within the regional trade area which includes Target, Walmart, H-E-B, Lowe’s, Ross and a variety of national QSR tenants including Chick-fil-A, Raising Cane’s, Wendy’s, Whataburger and many more. Full acre lot has potential to be divided.
     

  • STRONG DEMOGRAPHICS
    Nearly 115,000 residents in the surrounding three-mile radius, with an average household income of $83,648.
     

  • STABILIZED CURRENT INCOME
    Current income in-place supports cash flow needs throughout a development timeline, while leases are short term in nature (with the exception of EZ Wash, which occupies the separate/rear building).
     

  • LAST REMAINING UNDER-DEVELOPED CORNER
    Surrounding three corners of Austin Highway at Rainbow Drive feature highly successful retailers. Subject property is located directly across from a Walmart-outparcel Wendy’s and Raising Canes, as well as Chick-fil-A and a newly constructed three-story CubeSmart Storage Facility.
     

  • MAJOR THOROUGHFARE
    Austin Highway is the primary diagonal thoroughfare connecting the Downtown San Antonio CBD to the Northeast corridor.