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31223547
31223548

1635 Somerset Rd, San Antonio, TX 78211 For Sale

CK
TX 497303
Foresite Commercial Real Estate
XA
TX TX 766038
Foresite Commercial Real Estate
Foresite Commercial Real Estate
Listed by Foresite Commercial Real Estate
$1,721,352
118 days on market
Updated 18 days ago
Opportunity zone

Shops at Military

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 6,600
Cap Rate 7.25%
NOI $124,798
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $261
Year Built 2013
Buildings 1
Zoning C3
Investment Type Stabilized

Retail | 7.25% CAP | 6,600 SqFt

Marketing description

Five tenant strip center built in 2013 and being sold by original developer.

Two of the five tenants are on gross leases, offering upside in NNN conversions.

Investment highlights

  • Steady Rental Income | Built-In Upside
    Built in 2013 and fully occupied, the property features five retail suites with two of the tenants on gross leases offering upside in NNN conversions. All tenants have scheduled rent increases in place to maintain steady rent growth.

  • Strategic Infill Location with Stable Consumer Base
    Positioned in the heart of Southwest San Antonio, the property benefits from mature infill surrounded by established neighborhoods, consistent traffic flow, and daily necessity-driven retail demand. The property sits within a 5-mile radius of over 230,000 residents. Its built-out corridor location provides long-term stability, predictable consumer patterns, and continued relevance in one of San Antonio’s most active and economically robust submarkets.

  • Strong Retail Corridor
    The property benefits from strong surrounding demographics and sustained tenant demand. Its location in an infill area makes it an attractive, long-term investment opportunity for both investors and tenants seeking stability and growth in a high-demand retail market. Located near a high-traffic intersection anchored by Sam’s Club and other major retailers like Target, Burlington, Ross, Home Depot, and Academy ensures reliable rental performance in the thriving retail corridor. The immediate trade area is defined by strong household density and limited new retail supply, creating sustained support for service-oriented tenants.

Listing Contacts

CK
TX 497303
Foresite Commercial Real Estate
XA
TX TX 766038
Foresite Commercial Real Estate
Foresite Commercial Real Estate
Listed by Foresite Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$124,798.00
$10,399.83/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Chad Knibbe
License
497303
Name
Xavier Alvarado
License
TX 766038
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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