GREEN PLAZA AT EVANS
NEW 2022 CLASS A CONSTRUCTION : 100% LEASED : HIGH-GROWTH, AFFLUENT SAN ANTONIO SUBMARKET
Marketing description
Green Plaza at Evans is a newly constructed neighborhood retail center located within the highly desirable Far North San Antonio submarket. The property consists of approximately 15,725 square feet across two multi-tenant retail buildings situated on a 3.25-acre parcel with strong frontage and visibility along East Evans Road. Two end cap suites feature drive-thru lanes, enhancing tenant demand, long-term leasing appeal, and overall asset functionality. The center is 100 percent occupied by a diverse mix of service-oriented and daily-needs tenants including medical, dental, fitness, restaurant, shipping, beauty, and convenience retail users. All leases are on triple-net terms, and the majority include scheduled annual rent escalations.
Green Plaza at Evans is located within the rapidly growing Far North San Antonio / Stone Oak corridor, an affluent suburban trade area characterized by strong demographics, substantial residential expansion, and increasing retail demand. The property is strategically positioned along East Evans Road near the intersection of Wortham Oaks Boulevard and in close proximity to Wortham Oaks Elementary School and Cibolo Creek Middle School, serving a dense concentration of surrounding residential communities and affluent suburban rooftops.
Investment highlights
NEW 2022 CLASS A CONSTRUCTION WITH DRIVE-THRU END CAPS
Comprised of two modern multi-tenant buildings totaling 15,725 SF on a 3.25-acre lot, featuring two drive-thru end cap suites that enhance long-term leasing appeal and tenant functionality.
100% LEASED TO DAILY-NEEDS & INTERNET-RESISTANT TENANTS WITH PERSONAL GUARANTEES
The center is fully occupied by a diversified lineup of service-oriented tenants including medical, dental, fitness, restaurant, beauty, and convenience uses that generate recurring daily traffic and are resistant to e-commerce disruption. All leases have personal guarantees.
CONTRACTUAL RENT GROWTH & STABLE NNN CASH FLOW
All leases are structured on NNN terms with scheduled rental escalations throughout the lease terms, providing investors with predictable NOI growth.
HIGH-GROWTH, AFFLUENT SAN ANTONIO SUBMARKET
Positioned within the rapidly expanding Far North San Antonio / Stone Oak corridor, one of the strongest demographic growth pockets in the metro. Average household incomes exceed $135,900 within a three-mile radius, while population growth since 2020 has exceeded 10%, driven by continued residential development.
LIMITED RETAIL SUPPLY WITH STRONG DEMAND FUNDAMENTALS
Limited existing retail competition within the immediate trade area creates a strong supply-demand dynamic as surrounding residential growth continues to accelerate. Limited nearby undeveloped commercial land further constrains future competing retail supply within the immediate trade area.
STRATEGIC POSITIONING NEAR MAJOR TRAFFIC GENERATORS
Area demand drivers include Wortham Oaks Elementary School, Cibolo Creek Middle School, TPC San Antonio, and the JW Marriott San Antonio Hill Country Resort & Spa. These uses generate significant daily consumer, hospitality, tourism, and consumer traffic throughout the corridor.
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