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31243254
31243255

8522 Broadway, San Antonio, TX 78217 For Sale

PL
TX TX 522087
Marcus & Millichap - Dallas
CG
TX 0612970
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Fort Lauderdale
$11,574,000
115 days on market
Updated 73 days ago

Broadway Street Retail Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 39,333
Cap Rate 7.75%
NOI $896,991
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $294
Year Built 2006
Year Renovated 2018
Buildings 1
Stories 2
Acreage 2.430
Investment Type Stabilized
Ground Lease No

7.75% CAP | Retail and Office Center | 39,333 SF | Premier Broadway Corridor | San Antonio, TX

Marketing description

Broadway Street Retail Center is a 39,333-square-foot, two-story asset situated on a 2.43-acre parcel in San Antonio, Texas. Originally constructed in 2006 and renovated in 2018, the building features a diverse mix of retail, medical, and office suites. The property is 100 percent occupied, anchored by First National Bank of Texas. Other tenants include Concentra Urgent Care, San Antonio Office Partners, Shelton Dental, Johnson Fitness & Wellness, Capo's Pizzeria, Broadway Nails & Lashes, and Dunhill Partners. The center offers ample paved parking, including 25 dedicated covered spaces, providing a distinct advantage over open-lot competitors. The adjacent Chili's Grill & Bar and Wells Fargo pad sites (not a part) contribute towards common area maintenance expenses.

The subject property is strategically positioned at the signalized hard corner of Broadway and Loop 410 (Connally Loop) frontage road, serving as a gateway to the North Central San Antonio submarket. The center commands direct frontage on Broadway and immediate access to Loop 410, one of the city's most critical arterials. Cumulative traffic counts exceed 242,500 vehicles per day. The property benefits from proximity to major regional demand drivers, including the San Antonio International Airport complex (hosting over 11 million passengers annually) and the 294-bed Northeast Baptist Hospital. The center is also in close proximity to some of the most affluent San Antonio neighborhoods, including Alamo Heights, Terrell Hills, and Olmos Park, supporting strong tenant demand.

Investment highlights

39,333-SQUARE-FOOT, FULLY STABILIZED ASSET

The property is 100 percent leased to a mix of service-oriented retail, boutique office, medical, and professional tenants operating under NNN lease structures, providing stable cash flow while diversifying income streams across multiple tenant categories.

ATTRACTIVE ARCHITECTURAL FEATURES

The building features a distinctive two-story design that enhances visibility along the corridor while providing flexible retail and office layouts. The center includes 25 dedicated covered parking spaces, two double-sided monument signs offering excellent tenant exposure, and metal awnings over storefronts that create an attractive pedestrian-friendly facade.

PREMIER BROADWAY CORRIDOR LOCATION

The property is situated at the prime signalized hard corner intersection of Broadway and Connally Loop (Loop 410), offering high visibility and exceptional traffic flow. Cumulative traffic counts exceed 242,500 vehicles per day.

AFFLUENT TRADE AREA

Some of the most prestigious San Antonio neighborhoods are in close proximity, including Alamo Heights, Terrell Hills and Olmos Park.

DIRECTLY EAST OF SAN ANTONIO INTERNATIONAL AIRPORT

The property is located just minutes from San Antonio International Airport, which serves as the region’s primary air travel gateway and accommodates over 11 million passengers annually.

Listing Contacts

PL
TX TX 522087
Marcus & Millichap - Dallas
CG
TX 0612970
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Fort Lauderdale

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$896,991.00
$74,749.25/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Tim Speck
License
TX 9002994
Title
Broker of Record
Name
Philip Levy
License
TX 522087
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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