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2310 SW Military Dr - Dick's Sporting Goods 50,230 SF Retail Condo Unit Offered at $11,803,138 CAD in San Antonio, TX 78224
Investment Highlights
- Recent Lease Extension | Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
- South Park Mall (783,000+ SF) | Dense Retail Corridor
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
The DICK’S Sporting Goods is located near the intersection of Interstate 35 and SW Military Dr which combine to average over 122,300 vehicles passing by daily. SW Military Dr is a major retail thoroughfare serving the city of San Antonio. The DICK’S is a part of South Park Mall, a 783,000+ SF shopping mall, that also features national/credit tenants including Macy’s, JCPenney, Floor & Decor, Ulta Beauty, Starbucks, Verizon, and many others. The asset is located in close proximity to a Home Depot anchored center that includes other national/credit tenants such as Ross, Five Below, Chick-fil-A, IHOP, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Lowe’s, Academy, Sam’s Club, Target, H-E-B, Chipotle, Dutch Bros, and more, further increasing consumer traffic to the site. The asset is located in close proximity to South San Antonio High School, which has student population of over 1,600. The 5-mile trade area is supported by a population of over 226,000 residents and 77,600 employees with an average household income of $64,107.
Property Facts
| Total Building Size | 50,230 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 50,230 SF |
| Property Subtype | Storefront | Year Built | 1974 |
| Building Class | B | Tenancy | Single |
| Zoning | C-3 - General Commercial | ||
| Total Building Size | 50,230 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 50,230 SF |
| Year Built | 1974 |
| Tenancy | Single |
| Zoning | C-3 - General Commercial |
Amenities
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
1 Unit Available
Unit 2002
| Unit Size | 50,230 SF | Sale Type | Investment |
| Price | $11,803,138 CAD | Cap Rate | 7.75% |
| Price Per SF | $234.98 CAD | NOI | $914,716.18 CAD |
| Condo Use | Retail |
| Unit Size | 50,230 SF |
| Price | $11,803,138 CAD |
| Price Per SF | $234.98 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| NOI | $914,716.18 CAD |
Sale Notes
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, DICK’S Sporting Goods investment property located in San Antonio, Texas. The tenant, Dick’s Sporting Goods, Inc. recently signed a 5-year lease extension with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features $0.50/SF/YR rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
Nearby Major Retailers
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2310 SW Military Dr - Dick's Sporting Goods
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