Retail Strip Mall for Sale
Address 233 FM3009, Schertz, TX 78154
Property Type Retail
Subtype Shopping Center
Investment Type Stabilized
Class A
Lease Type NNN
Tenant Credit Franchisee
Tenancy Multi Brand/Tenant – Burn Boot Camp, Tune Up Manly Salon, Premier Marial Arts, Mary Jane CBD
Number of Tenants 4
Remaining Term 5 years
Square Footage 8,500
Net Rentable (sq ft) 8,500
Price/Sq Ft $485.29
Cap Rate 6.00%
Pro-Forma Cap Rate 6.00%
Occupancy 100%
NOI $247,495
Pro-Forma NOI $247,495
Units 4
Year Built 2019
Buildings 1
Stories 1
Zoning Commercial
Lot Size (acres) 0.937
Price/Sq Ft (Land Value) $101/SF
Parking (per 1,000 sq ft) 40
Marketing Description
This Retail Strip Mall for Sale is conveniently located on Interstate 35 and Interstate 10, the City of Schertz has emerged as a leader for industrial development within the San Antonio and Austin region. The City actively seeks to create a welcoming and prosperous place to conduct business and call home. Schertz’ current growth and economic prosperity can be attributed to its diverse economic base and pro-business climate. Schertz has a large and highly skilled workforce which helps ensure that the community and its economy will continue to possess the talent and skills needed to prosper well into the 21st century. The City of Schertz Economic Development Corporation (SEDC) invites new and existing businesses to explore the many reasons to choose and expand in Schertz.
Reference Link:
233 FM3009, Schertz, TX 78154 – Retail Property for Sale – Stone Valley Plaza (crexi.com)