$1 Auction - REIT Sale | Former Taco Cabana 15925 San Pedro Ave 3,678 SF Retail Building San Antonio, TX 78232 $255,957 CAD ($69.59 CAD/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing, second-generation restaurant building located at 15925 San Pedro Avenue in San Antonio, Texas 78232 (the “Property”). Formerly occupied by Taco Cabana, the Property is being offered significantly below replacement cost, presenting a compelling opportunity for owner-users or investors to acquire a highly visible retail asset at the entrance to Galleria Oaks Shopping Center at an attractive basis. FIRST BID MEETS RESERVE!
Constructed in 1986, the Property consists of a ±3,678 SF single-story restaurant building situated on a ±0.18-acre parcel (±7,840 SF) at the entrance to Galleria Oaks Shopping Center. The site offers multiple points of ingress and egress and currently does not offer parking as it operates independently of any shared parking arrangement. The Property benefits from exceptional frontage and visibility, including approximately ±70 feet along San Pedro Avenue, a primary retail and commuter corridor carrying more than ±8,000 vehicles per day, as well as an additional ±113 feet of frontage at the entrance to Galleria Oaks. The Property also benefits from visibility to U.S. Highway 281, which carries nearly ±164,815 vehicles per day, providing exposure to one of San Antonio’s most heavily traveled transportation corridors. Positioned within a well-established retail corridor, the Property offers convenient access and strong visibility for both local and pass-through traffic, supporting a variety of restaurant, retail, and service-oriented uses. Previously leased to Taco Cabana on a triple-net (NNN) basis, the asset presents a value-add opportunity through re-tenanting at prevailing market rents, with CoStar estimating retail rental rates in the range of $24 to $30/SF NNN. Located within unincorporated Bexar County and designated OCL (Outside City Limits), the Property is not subject to municipal zoning regulations, allowing for a broad range of retail, restaurant, and service-oriented uses while providing operational flexibility and long-term redevelopment potential. Parking Disclosure: The Property currently has no active parking agreement. A prior reciprocal parking agreement has expired, and Seller makes no representation that parking rights are available or that a new agreement can be obtained. Buyer must independently investigate parking, access, and code compliance and will be responsible for negotiating any future parking arrangement after closing.
The Property is located in north-central San Antonio within Bexar County, one of Texas’ largest and fastest-growing counties and home to more than 2 million residents. Positioned along San Pedro Avenue at the entrance to Galleria Oaks Shopping Center, the Property benefits from a highly visible infill location serving the affluent Stone Oak, North Central, and Airport submarkets. The surrounding area is characterized by a dense concentration of residential communities, national retailers, healthcare facilities, professional office users, hotels, and major employment centers that support strong daily consumer traffic and year-round commercial activity. The Property enjoys exceptional accessibility with convenient access to U.S. Highway 281, Loop 1604, and Interstate 410 (±5-min), three of San Antonio’s primary transportation corridors. Major regional demand drivers include Methodist Hospital Stone Oak, North Central Baptist Hospital (±8-min), San Antonio International Airport (±8-min), and numerous corporate employers located throughout North Central San Antonio. The 5-mile trade area includes ±226,685 residents with an average HH income exceeding $121,000, providing a deep and affluent customer base for restaurant, retail, medical, and service-oriented uses. Combined with its strategic location within one of San Antonio’s most established commercial corridors, the Property is well-positioned to support a wide range of retail, restaurant, and commercial concepts.