Austin Highway Retail Strip
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
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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.
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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.
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STRONG DEMOGRAPHICS
Nearly 115,000 residents in the surrounding three-mile radius, with an average household income of $83,648.
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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).
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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.
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MAJOR THOROUGHFARE
Austin Highway is the primary diagonal thoroughfare connecting the Downtown San Antonio CBD to the Northeast corridor.
