Listed by JLL - San Antonio, Texas
$1,100,000
5200 Padre Blvd
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 5,500
Net Rentable (SqFt) 5,500
Occupancy 100%
Tenancy Multi
Lease Type Gross
Remaining Term 1
Price per SqFt $200
Class A
Investment Type Stabilized
New to Market | 5,500 SF retail strip center | South Padre Island
Marketing description
Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire 5200 Padre Blvd (the “Property”), a 5,500 square foot retail center located in the heart of South Padre Island. Specifically, the Property is positioned along South Padre Island’s primary corridor that runs north-south along the island, thus benefiting from the steady flow of both tourist and local traffic. 5200 Padre Blvd is currently 100% leased to three dynamic tenants, offering investors immediate cash flows, and with 1.9 years of weighted average remaining lease term, investors have the opportunity to mark rents to market, further boosting NOI.
Listing Contacts
Listed by JLL - San Antonio, Texas
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