Gateway Plaza
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
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