Property tours are available by appointment ONLY. Please contact Satish Patel to schedule at darlastonms@gmail.com or 210-789-7339. Investment Highlights: ±13,802 SF neighborhood retail center at signalized intersection ±85% occupied with value-add opportunity through lease up of the available space Prominent monument signage visible to Loop 1604 (±58,000 VPD) - direct access off the highway Close proximity to Randolph AFB with cross over traffic generated from H-E-B Grocery Investment Overview: Kitty Hawk at 1604 Shopping Center (the “Property”) is a 13,802 SF single story neighborhood retail center located at 12000 North Loop 1604 East in Universal City, Texas. Constructed in 2007, the building is situated on ±1.13 AC at the intersection of State Hwy 1604 Access Rd and Kitty Hawk Rd with daily traffic counts exceeding 17,000 vehicles. The improvements are demised into eleven units and currently 85.04% leased by nine tenants, with the largest tenants being Ray's Pizzeria (17.85% NRA; 18.25% of total revenue), and Cottonwood Financial Texas (14.35% NRA; 21.55% of total revenue). Cottonwood Financial Texas has been a tenant at the Property for approximately 9-1/2 years. The Property is located across the street from the NEW Alamo Community College (Northeast Campus) and grocery traffic driver H-E-B grocery store. H-E-B is a popular and successful grocery chain in the state with headquarters in San Antonio. The Property is also located approximately 2.6 miles southeast of Interstate 35 and 6.7 miles north of Interstate 10. Interstate 35 is a major north/south interstate that runs from Laredo, Texas north where it crosses the Oklahoma border. It connects cities such as San Antonio, Austin, and Waco, Texas before splitting into 2 auxiliary routes. Interstate 10 is a major east/west interstate highway that runs from Anthony, Texas east through El Paso, San Antonio, and Houston to Orange, Texas at the Louisiana border. The Property is ±12.7 miles northeast of the San Antonio International Airport and ±18 miles from downtown San Antonio. The surrounding area hosts numerous national and local retailers, hotels and restaurants including Kohl’s, Best Buy, Target, Toys “R” Us, Hobby Lobby, Wells Fargo Bank, Academy Sports, Costco, The Home Depot, OfficeMax, T.J. Maxx, GameStop, Michael’s, Sprint, Hilton Garden Inn San Antonio-Live Oak, and Hampton Inn & Suites Selma-San Antonio. Additional amenities in close proximity include Five Guys, Sea Island Shrimp House, Red Robin, Subway, Wendy’s, Starbucks, Chipotle Mexican Grill, Chili’s, Thai Spic & Sushi Restaurant, Ramano’s Macaroni Grill, and Freddy’s Frozen Custard & Steakburgers. The investment offers potential value-add opportunity to lease up 2,065 SF of vacant space at market rates. With a solid mix of experienced local tenants, many of which operate multiple locations, Kitty Hawk at 1604 Shopping Center is an attractive, exceptional asset in a growing submarket with long-term viability. Free Asset Summary Report AvailableWe've partnered with Situs, one of the most trusted names in commercial real estate research, to provide unbiased third-party insight for this asset. You can find the full, complimentary Asset Summary Report under the secure due diligence tab above.
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