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Mr. Crabby's Seafood | Legacy Shopping Center 1827 N Loop 1604 E 8,218 SF Retail Building San Antonio, TX 78232 $4,143,732 CAD ($504.23 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Over 9 Years Remaining | Annual Rental Increases
- Part of the Legacy Shopping Center | High Traffic Area | Northwoods Shopping Center
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The tenant has over nine years remaining on the initial lease term, demonstrating a strong long-term commitment to the site
• The lease includes a 2.50% annual rent bump, increasing NOI and providing a hedge against inflation
• The lease includes a 2.50% annual rent bump, increasing NOI and providing a hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,218 SF
Building Class
B
Year Built
2006
Price
$4,143,732 CAD
Price Per SF
$504.23 CAD
Cap Rate
6.75%
NOI
$279,703 CAD
Tenancy
Single
Building Height
1 Story
Zoning
C-3 - General Commercial
Parking
87 Spaces (10.59 Spaces per 1,000 SF Leased)
Frontage
331’ on North Loop 1604 East
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15671-004-0030 | Improvements Assessment | $138 CAD |
| Land Assessment | $9,422,351 CAD | Total Assessment | $9,422,489 CAD |
Property Taxes
Parcel Number
15671-004-0030
Land Assessment
$9,422,351 CAD
Improvements Assessment
$138 CAD
Total Assessment
$9,422,489 CAD
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Mr. Crabby's Seafood | Legacy Shopping Center | 1827 N Loop 1604 E
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