Log In/Sign Up
Your email has been sent.
Santa Fe Plaza 8190-8214 FM 78 12,100 SF 100% Leased Retail Building Converse, TX 78109 $5,996,350 CAD ($495.57 CAD/SF) 7.01% Cap Rate
Investment Highlights
- 12,100 SF Multi-Tenant Retail Center - Recent Construction
- Diversified Tenant Roster
- High Visibility Along FM 78 (over 30K VPD)
- NNN Leases
Executive Summary
• 2020 construction retail strip center comprising 12,100 SF on 1.5 acres, offered at a 7.01% cap rate. The property is 100% occupied by six tenants on NNN leases with staggered expirations and built-in rent escalations, producing $ 301,372 in net operating income.
• High-visibility location along FM 78 with 242 feet of frontage, 36,730 VPD traffic counts, and dual ingress/egress access points. The property benefits from strong surrounding retail density in the growing Converse submarket of northeast San Antonio.
• Diversified tenant roster across service, food, and medical uses including The Light Dental, Tropicana, Converse Nails & Lounge, Elite 7 Game Room, Smokerz Paradise, and Siplt 78. All tenants are on NNN leases with renewal options ranging from one to two 5-year extensions, providing long-term income stability.
• Minimal landlord management responsibility given the NNN lease structure with tenants responsible for their pro-rata share of operating expenses. Current operating expense ratio is 24.6% of effective gross income, with a 4.60% general vacancy factor underwritten. Annual rent increases of 2-3% across the rent roll provide organic NOl growth.
• Metal-framed, stucco-exterior construction with a TPO roof and slab foundation, representing a low-maintenance physical asset with years of remaining useful life. The site features 62 asphalt parking spaces at a 5.12/1,000 SF ratio, well above typical retail requirements, supporting strong tenant operations and customer accessibility.
• High-visibility location along FM 78 with 242 feet of frontage, 36,730 VPD traffic counts, and dual ingress/egress access points. The property benefits from strong surrounding retail density in the growing Converse submarket of northeast San Antonio.
• Diversified tenant roster across service, food, and medical uses including The Light Dental, Tropicana, Converse Nails & Lounge, Elite 7 Game Room, Smokerz Paradise, and Siplt 78. All tenants are on NNN leases with renewal options ranging from one to two 5-year extensions, providing long-term income stability.
• Minimal landlord management responsibility given the NNN lease structure with tenants responsible for their pro-rata share of operating expenses. Current operating expense ratio is 24.6% of effective gross income, with a 4.60% general vacancy factor underwritten. Annual rent increases of 2-3% across the rent roll provide organic NOl growth.
• Metal-framed, stucco-exterior construction with a TPO roof and slab foundation, representing a low-maintenance physical asset with years of remaining useful life. The site features 62 asphalt parking spaces at a 5.12/1,000 SF ratio, well above typical retail requirements, supporting strong tenant operations and customer accessibility.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,100 SF
Building Class
B
Year Built
2021
Price
$5,996,350 CAD
Price Per SF
$495.57 CAD
Cap Rate
7.01%
NOI
$420,344 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.50 AC
Zoning
OCL - Outside City Limits- Decreased Tax Rate
Parking
57 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
261’ on FM-78
Amenities
- 24 Hour Access
- Drive Thru
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Elite Seven Skill Ventures
- Finance and Insurance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Elite Seven Skill Ventures | Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05080-700-0980 | Improvements Assessment | $4,755,677 CAD |
| Land Assessment | $996,635 CAD | Total Assessment | $3,848,820 CAD |
Property Taxes
Parcel Number
05080-700-0980
Land Assessment
$996,635 CAD
Improvements Assessment
$4,755,677 CAD
Total Assessment
$3,848,820 CAD
1 of 50
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Santa Fe Plaza | 8190-8214 FM 78
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.