Share This Listing

Message

946 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Retail Space 3999 Hwy 16 South 6,900 SF 100% Leased Retail Building Bandera, TX 78003 $4,536,740 CAD ($657.50 CAD/SF) 8.25% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Excellent Daily Traffic County
  • High Daily Fuel Sales
  • Additional Land for Growth
  • Captive Local Customer Base
  • 5-Bay Self-Serve Carwash

EXECUTIVE SUMMARY

Freshly branded Valero fuel location with Drive-thru Convenience Store, Office Retail, mezzanine storage, 5-Bay Self-Serve Carwash, Flex space, additional land and beautiful traffic signaled hard-corner in the NW San Antonio MSA (located between Helotes and Bandera). This represents an opportunity for an Investor or Owner-Operator to step into a newly remodeled and newly opened Valero Branded fueling location with a freshly inventoried Convenience Store with a Drive-thru feature. The location awaits its Beer/Wine permit; however, inside sales are very promising and fuel sales have been very strong.
The property consists of nearly 5-acres and improvements include the main 7,000s.f. building facing State Highway 16 near the town of Bandera, Texas. Also included is a 5-Bay Self Serve carwash with new vacuums, electronic vending units and high-bay canopy. The property features an additional building currently leased as a Flex-space to a local Plumbing Company. The property has nearly 2 additional acres of open land with a separate meter, septic and water-line. This area could serve as a source for additional income generating rentals or enhancement of the fuel delivery offerings at the location to large trucks. There are many options for this property that is located in the County but not within the City Limits of Bandera, Texas.
If you are an Investor or Owner Operator seeking a highly visible location with excellent daily traffic counts and a very captive local audience (two subdivisions support this location along with newly constructed RV Parks in the area) you should certainly consider this opportunity. The property boasts two additional park-like areas where outdoor venues would be perfect augmentations to the overall foot-print of the property. For your private showing and further offering consideration, please contact me for a full offering package.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,900 SF
Building Class
C
Year Built/Renovated
2006/2022
Price
$4,536,740 CAD
Price Per SF
$657.50 CAD
Cap Rate
8.25%
NOI
$374,281 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
4.80 AC
Zoning
Commercial - Unrestricted Zoning (County - Not City)
Parking
30 Spaces (4.34 Spaces per 1,000 SF Leased)
Frontage
82’ on King Ranch Rd

AMENITIES

  • Bus Line
  • Pylon Sign
  • Waterfront

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Crossroads Valero C-Store/Drive Thru
  • Retailer
  • 3,900 SF
  • $1.40 CAD
  • Negotiable
  • -
  • Dapper J - Leather Repair
  • Services
  • 1,720 SF
  • $1.40 CAD
  • Single Net
  • Dec 2022
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Crossroads Valero C-Store/Drive Thru Retailer 3,900 SF $1.40 CAD Negotiable -
Dapper J - Leather Repair Services 1,720 SF $1.40 CAD Single Net Dec 2022

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
152965
Land Assessment
$188,799 CAD
Improvements Assessment
$3,845,287 CAD
Total Assessment
$1,904,220 CAD
  • Listing ID: 26879261

  • Date on Market: 2022-10-18

  • Last Updated:

  • Address: 3999 Hwy 16 South, Bandera, TX 78003

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}