Stone Creek Village
SWC of Stone Oak Pkwy and Evans Road
San Antonio, TX 78258
Price: $5,150,000Cap Rate: 6.00%NOI: $308,942Building SF: 8,726 SFLot Size: 41,469 SFYear Built: 2019Status: Under Contract
Brand New Construction
- The developer recently completed construction of the brand-new multi-tenant retail building in 2019, benefiting a new investor with zero deferred maintenance and transferable warranties (i.e.: roof warranty).
100% Occupancy – Diverse Tenant Mix
- An investor will benefit from the full occupancy of the newly developed building and diverse tenant mix.
New Long-Term Leases
- 10-year primary lease terms with fixed increase for all tenants.
- All the leases commence in 2019 providing nearly full, long term passive income.
- All leases are at market rents providing additional security to any owner.
High Traffic Counts
- 27,760 cars per day at the signalized intersection of Stone Oak Parkway and Evans Road, two major thoroughfares in N. San Antonio.
Nationally Recognized Tenant Mix
- 3 of the 5 tenants are nationally recognized (Burger King, Bank of America, Marco’s Pizza) with the other 2 being strong local operators.
Significant Avg. Household Incomes
- $137,807 average household incomes in a 3-mile radius of Stone Creek Village.
- The annual growth rate in the immediate, 1-mile trade area is healthy at 3.94% supporting the strong commercial and residential development nearby.