4419 E Evans Rd, San Antonio, TX 78259

4419 E Evans Road is a newly constructed, multi-tenant retail center located in one of San Antonio’s most affluent and fastest-growing residential corridors, just minutes from TPC San Antonio. Built in 2022, the 15,102 SF property is 100% leased to a diverse mix of daily-needs tenants across dental, QSR, beauty, and specialty retail, offering durable demand and long-term income stability. All leases are structured as true NNN with full reimbursement of property taxes, insurance, and CAM, including landscaping, utilities, security systems, dumpsters, and an administrative fee, resulting in a highly passive ownership profile.

The property benefits from exceptional demographics, with average household incomes exceeding $140,000 within a three-mile radius and a dense residential population of more than 47,000 people. Limited nearby retail competition and strong tenant performance support inline rents averaging $34.68 PSF, reflecting sustained tenant demand in this corridor. Lease terms include built-in annual rent escalations of 2–3% or CPI, whichever is higher, providing predictable income growth with minimal near-term rollover, as only one lease expires prior to 2029.

Strategically positioned adjacent to a Fischer’s Convenience Corner at a hard corner location and a soon-to-open Whataburger, the center benefits from powerful co-tenancy and consistent daily traffic. The site functions as a high-utility retail stop, combining fuel, QSR, and essential services in a single visit. With only one other gas station within a 3.5-mile driving radius and the high-end nature of Fischer’s brand, the property enjoys a unique competitive advantage that enhances long-term tenant viability and overall investment quality.