Shops at Arcadia Ridge
Retail | 6.25% CAP | 12,820 SqFt
Marketing description
Shops at Arcadia Ridge is a 12,719-square-foot retail center in San Antonio’s Far West submarket. Built in 2019 and fully occupied, the asset combines modern construction, diversified neighborhood-service tenancy, and NNN leases to deliver stable in-place income with limited landlord expense exposure in a high-growth corridor.
Built in 2019, the property offers modern construction, 100% occupancy, and an NNN lease structure that supports durable NOI with limited capital exposure. A diversified tenant mix, healthy small-shop rents, and Potranco Road frontage in San Antonio’s expanding western corridor further strengthen long-term demand and buyer appeal.
Sales comparables show a wide pricing range, but Potranco corridor and newer neighborhood retail assets command the strongest benchmarks at approximately $293 to $446 per square foot with cap rates in the mid-5% to mid-6% range. Current evidence supports a market value conclusion of roughly $300 to $425 per square foot.
Investment highlights
- Price: $7,840,000
- Cap Rate: 6.25%
- Net Operating Income: $489,868
- Price PSF: $612 PSF
- Occupancy: 100%
- Year Built: 2019
- Gross Leasable Area: 12,820 SF
- Acres: 1.62 Acres
- Strengths:
- 100% Occupied Retail Center on NNN Leases
- Excellent Visibility & Access off Potranco
- High Volume Trade Area with Growing Demographics
- Challenges:
- Price Per Square Foot
- RDA Fitness Lease Term Remaining
- Buyer Pool:
- Local, Regional, National, & International Private
- Capital Buyers, Many of Whom are in 1031 Exchanges
- Institutional Capital Targeting Quality, Stabilized Real Estate
- Recommendations & Timing:
- Sell Now to Take Advantage of the Current Market Before Interest Rates Increase Further and Capitalize on 1031 Buyers
- If Awarded the Assignment, We Can Be on the Market Within One Week and Closed Within Our Average List-to-Close Time Frame of 5-6 Months
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