Overview
Cushman & Wakefield’s Central Texas Private Capital Group is pleased to present an exceptional opportunity to acquire Grandview Shopping Center, a 103,476 square foot grocery anchored value-add retail center in Northwest San Antonio at IH-10 W and Callaghan Road.
The 86.5% leased property is anchored by Sprouts Farmers Market and features Petco and Dollar General as complementary junior anchors. The center features a diversified tenant mix, 4 year WALT and built-in rent increases delivering predictable income with the ability to mark-to-market as tenants roll. Sprouts recently executed a new five year renewal and ownership has recently completed cap ex projects to enhance the desirability of the center.
Investment Highlights
Strong Cash Flow with Limited Risk
- Anchored by Sprouts Farmers Market, one of the nation’s leading specialty grocers, and complemented by nationally recognized junior anchors Petco and Dollar General, creating a strong daily-needs retail destination with consistent consumer traffic
- The property delivers reliable cash flow with minimal risk driven by the high occupancy, built in rent increases, 4 year WALT and NNN lease structure
- With existing rents below market, the property offers a compelling opportunity to capture upside as tenants roll and the local market continues its rapid growth
- Diversified mix of grocery, pet, discount, service and convenience oriented tenants generates significant cross-shopping activity and enhances the center’s long-term stability
Exceptional Location
- Located at the heavily trafficked intersection of IH-10 W and Callaghan Road where daily traffic surpasses 245,000 vehicles
- Infill location in a densely populated neighborhood with exceptional ingress/egress, prominent frontage, and convenient access to major transportation corridors
- Positioned in the Northwest submarket, a top choice for national corporate headquarters including USAA, Security Service FCU and Valero’s headquarters all within 5 miles of the property
- The acclaimed South Texas Medical Center is located within seven minutes of the development and spans 900 acres with 12 major hospitals, 4 clinics, 75 medically related institutions and one higher education institution (UT Health San Antonio)
