Bulverde Retail Center

16918 Bulverde Road

Offering Memorandum

Investment Overview

Summary

Sales Price $6,675,000
NOI (Pro Forma) $470,200
Cap Rate (Pro Forma) 6.76%
Occupancy 61.25%

OLDHAM GOODWIN is pleased to present the Bulverde Retail Center, an HEB anchored multi-tenant retail property for your consideration. This newly constructed retail property is part of the 400,000 SF Bulverde marketplace mixed-use development in a desirable submarket of North San Antonio. The property benefits from great visibility and traffic counts on Bulverde Road, and excellent co-tenancy with an expansive list of national retailers. The center is anchored by 7+ year leases with Luxxe Salon Suites and PJ’s Coffee, and offers an additional 6,240 SF in shell condition, making it an ideal property for an owner occupant, or investor with a Tenant prospect for the space.

PROPERTY HIGHLIGHTS

Desirable location in the 400,000 SF Bulverde Marketplace Mixed Use Development.

Bulverde Marketplace experienced over 6.30 Million visits in 2024, ranking as the 3rd most visited community shopping center in San Antonio, and in the 97th percentile nationwide per Placer.ai.

Excellent visibility and exposure on highly trafficked Bulverde Road, great accessibility with hard corner location at signalized intersection

Adjacent to 330 Unit Class A multifamily property.

Great co-tenancy and traffic generation from strong lineup of national retailers including LA Fitness, Gold’s Gym, HEB Grocery, AT&T, Starbucks and many more.

6,240 SF shell space provides flexibility for owner occupant or investor with Tenant requirement.

Over seven (7) years remaining on leases with PJ’s Coffee and Luxxe Salon Suites.