Listed by RESOLUT RE San Antonio
Unpriced
STARLIGHT OAKS
Details
APN 637001
Property Type Retail
Sub Type Shopping Center
Net Rentable (SqFt) 15,200
Units 6
Occupancy 65%
Tenancy Multi
Lease Type NNN
Class C
Year Built 2001
Stories 1
Acreage 1 - 2
Zoning C-3
Parking Spaces 4.60 per 1,000 sq ft
Investment Type Value Add
Tenant Credit No Credit Rating
Ground Lease No
Value-Add OR Owner-User Investment Opportunity
Marketing description
Why Starlight Oaks. Why Now.
Rare combination of de-risked in-place cash flow and substantial, well-defined upside in one of San Antonio's most stable retail submarkets.
Also a Compelling Owner-User Play
For a business owner who needs 1,500-5,600 SF of retail/office space along De Zavala Road, Starlight Oaks pairs the lease-up opportunity with the chance to redirect monthly rent into building equity equity in a premier northwest San Antonio asset - while existing tenant substantially cover the debt service.
Investment highlights
- Starlight Oaks is a 15,200-square-foot, six-suite multi-tenant retail strip center situated at the lighted intersection of De Zavala Road and Parksite Woods in the affluent Northwest San Antonio submarket. Three of four occupied suites have signed new or renewal leases within the last 12 months at strong market rents, establishing a durable in-place cash flow with built-in annual escalations. The center suits two distinct buyer profiles: an investor capturing a value-add lease-up of 5,600 SF of second-generation retail space at healthy rents (NNN) — a path that nearly triples in-place NOI within 24 months — OR a business owner-user who occupies a portion of the vacancy themselves while in-place tenants substantially offset debt service.
- Three of four occupied tenants signed new or renewal leases removing rollover risk for the new owner
- Lease-up of 5,600 SF of vacancy drives projected NOI growth substantially
- Located in Woods of Shavano - one of the city's most resilient retail corridors, with submarket vacancy at 4.4%.
- Daily-needs and food/beverage mix (Mexican restaurant, Thai restaurant, ice house, vape shop) - categories proven to be e-commerce resistant and drive consistent foot traffic to the center.
- NNN Leases - tenants reimburse pro-rata share of CAM, taxes and insurance, thus protecting NOI against expense inflation and providing a predictable cash flow.
Listing Contacts
Listed by RESOLUT RE San Antonio
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
