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Laurel Heights 2602-2608 N Main Ave 8,000 SF 73% Leased Retail Building San Antonio, TX 78212 $2,512,656 CAD ($314.08 CAD/SF) 6.36% Cap Rate

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INVESTMENT HIGHLIGHTS

Corporate Guaranty with 100+ Years of Operation at this Location
Hard-Corner Location in Desirable Trade Area

Urban Infill, Trophy Location in the Heart of Monte Vista with Ample Parking
Value-Add or Owner-User Opportunity

EXECUTIVE SUMMARY

CBRE Investment Properties has been exclusively retained to offer for sale 2602 N Main (the “Property”), an 8,000 square foot office building in the heart of the affluent neighborhood of Monte Vista in San Antonio, TX. Monte Vista is one of San Antonio’s oldest neighborhoods and is characterized by its distinguished architecture, historic buildings and proximity to downtown.2602 N Main is 73% occupied and anchored by Avita Pharmacy, which has over 65 locations nationwide and is backed by New York based private equity firm Kinderhook solutions who purchased the pharmacy in 2023. The location has been an operating pharmacy for over 100 years and was originally opened as Laurel Heights Pharmacy in 1923. With average in-place rents of $21.54 PSF and 2,150 sf of vacant space, the Property has value-add and owner-user potential. 2602 N Main has dominant real estate fundamentals in a highly desirable trade area while providing an investor immediate cash flow stability and significant long-term upside.

Laurel Heights Flyer

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront

Building Size

8,000 SF

Building Class

Year Built

1910

Price

$2,512,656 CAD

Price Per SF

$314.08 CAD

Cap Rate

6.36%

NOI

$159,805 CAD

Percent Leased

73%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.48

Lot Size

0.38 AC

Zoning

C-2 - Commercial District

Parking

20 Spaces (2.5 Spaces per 1,000 SF Leased)

Frontage

123’ on Main Ave

Bus Line

Pylon Sign

Signage

AC Disposal
Services
-
$9.99
Lorem Ipsum
Jan 0000

HNTS
-
-
$9.99
Lorem Ipsum
Jan 0000

One Serv, LLC
Services
-
$9.99
Lorem Ipsum
Jan 0000

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE TYPE	LEASE END
AC Disposal	Services	-	$9.99	Lorem Ipsum	Jan 0000
HNTS	-	-	$9.99	Lorem Ipsum	Jan 0000
One Serv, LLC	Services	-	$9.99	Lorem Ipsum	Jan 0000

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
POSITION
AVAILABLE

3
1,075-2,150 SF
Office
End Cap
Now

Available for rent: Prime commercial office space with a unique history as a former church, conveniently located near Trinity University at 2602 N Main, San Antonio, TX 78212. This spacious 2,150 square feet property offers a versatile layout suitable for various businesses. The rental rate is $3,950 per month.