16101 San Pedro Ave, San Antonio, TX 78232
2,000 SF | Retail Building | San Antonio, TX 78232 | $2,480,762 ($1,240/SF) | 5.25% Cap Rate
For Sale
Active
Asking Price $2,480,762
- Property Type
-
Retail
- Square Feet
- 2,000 SF
- Price / Square Foot
- $1,240
Listing Contacts
Patrick Conway
Property Overview
CBRE is pleased to offer for sale a trophy located Starbucks in San Antonio, TX. Situated in the inviting neighborhood
of Hollywood Park, an affluent community located in San Antonio, the property includes a 2,000 sf single-tenant
drive-thru building on a .65-acre HWY frontage parcel. The property benefits from being strategically located on
the commuter side of HWY 281 which sees over 138,000 VPD. The tenant’s large pylon sign is visible from HWY 281
and the property has its own designated off-ramp, and combined with its drive-thru, creates ease of accessibility
and user friendly traffic flow.
Starbucks signed a brand new 10 year lease in 2017 and has been operating successfully at this location for the
last 7 years. There are four 5-year options with 10% rental increases, offering a strong hedge against inflation. The
asset offers ideal retail demographics with a population over 80,000, households over 34,000, and household
income over $80,000 in a 3-mile radius. This property is surrounded by major retailers, including Costco, Walmart
Supercenter, Best Buy, McDonald’s, Chick-fil-A, H-E-B, Saltgrass Steak House and many more.
of Hollywood Park, an affluent community located in San Antonio, the property includes a 2,000 sf single-tenant
drive-thru building on a .65-acre HWY frontage parcel. The property benefits from being strategically located on
the commuter side of HWY 281 which sees over 138,000 VPD. The tenant’s large pylon sign is visible from HWY 281
and the property has its own designated off-ramp, and combined with its drive-thru, creates ease of accessibility
and user friendly traffic flow.
Starbucks signed a brand new 10 year lease in 2017 and has been operating successfully at this location for the
last 7 years. There are four 5-year options with 10% rental increases, offering a strong hedge against inflation. The
asset offers ideal retail demographics with a population over 80,000, households over 34,000, and household
income over $80,000 in a 3-mile radius. This property is surrounded by major retailers, including Costco, Walmart
Supercenter, Best Buy, McDonald’s, Chick-fil-A, H-E-B, Saltgrass Steak House and many more.
Property Details
- Class
- B
- Year Built
- 2016
- Stories
- 1
- Lot Size (sq. ft)
- 28,314 SF
Highlights
- Corporate Guarantee | Credit Tenant (NYSE: “SBUX”)
- Proximate to Major Freeway | Freeway visibility and 138,000+ VPD on Hwy 281
- Ease of Circulation | Starbucks equipped with drive-thru and accessibility off Hwy 281 off-ramp (San Pedro Ave.), Chula Vista Dr. and Navato Blvd.
- Fee Simple Ownership (Land and Building) | Depreciable Asset
- Ideal Retail Demographics | 80,000+ Population and $80,000 Household Income in 3-Mile Radius
- Nearby Retailers include Costco, Walmart Supercenter, Best Buy, McDonald’s, Chick-fil A, HEB Saltgrass Steakhouse and many more
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