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29584595
29584596

7121 W US Hwy 90, San Antonio, TX 78227

DR
GA 311935
Palomar Real Estate Group
JB
GA 444450
Palomar Real Estate Group
SC
GA GA 317459, SC 65657
Palomar Real Estate Group
Listed by Palomar Real Estate Group
Unpriced
128 days on market
Updated 38 days ago
Opportunity zone

Gateway Plaza

Details
APN 15588-000-0071 15588-000-0080
Property Type Retail
Sub Type Shopping Center
Square Footage 179,327
Net Rentable (SqFt) 179,327
Units 43
NOI $1,366,705
Occupancy 90%
Tenancy Multi
Brand/Tenant Dollar General, Dollar Tree (+2)
Year Built 1988
Year Renovated 2024
Buildings 2
Acreage 19.660

Retail | 179,327 SqFt

Marketing description

• Gateway Plaza is located on a primary retail corridor within the Far West sub-market of San Antonio, TX

• Positioned directly across US Hwy 90 from the entrance to the Joint Base San Antonio – Lackland Base, which hosts over 82k military personnel and is the DoD’s largest base in the US

• Located at the lighted intersection of US Hwy 90 & Military Dr, roughly 108k vehicles pass the center daily

• High Population Density in surround area:

• 5-Mile Population: 274,624

• 10-Mile Population: 969,895

• National credit brands such as Ollie’s, dd’s Discounts, Dollar Tree, Dollar General Market properly serve an extremely large, lowerincome pool of customers

• 10 Vacant units, 5 MTM tenants and 3 gross leases provide an abundance of value-add upside

• All three anchor tenants have ample term remaining with options, providing solid stability to the Landlord

• No tenant occupies more than 19% of the GLA

• Recent capital improvements to the center include either an improved or new Façade, parking lot & general site improvements

• The center has well-below market rents ($26.52 psf)

• Priced well below replacement cost

Listing Contacts

DR
GA 311935
Palomar Real Estate Group
JB
GA 444450
Palomar Real Estate Group
SC
GA GA 317459, SC 65657
Palomar Real Estate Group
Listed by Palomar Real Estate Group

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$1,366,705.00
$113,892.08/mo

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