Great Northwest Shopping Center (Sale)

GREAT NORTHWEST SHOPPING CENTER

8751 Grissom Road, San Antonio, TX 78251

RESOLUT RE is pleased to present Great Northwest Shopping Center, a 68,031 SF value-add retail center in the Northwest Crossing submarket of San Antonio.

INVESTMENT HIGHLIGHTS

• Price: $4,000,000
• Price PSF: $58.80
• Building Size: 68,031 SF
• Land Area: 5.25 Acres
• Occupancy: 90.57%
• Year Built: 1982
• NOI (Current): $310,325
• NOI (Year 1): $343,510
• Cap Rate (Current): 7.76%
• Cap Rate (Year 1): 8.59%
• Cash-on-Cash (Current): 6.41%
• Number of Suites: 15
• Traffic Count: 23,937 VPD (Grissom Rd)

DEMOGRAPHICS (3-Mile Radius)

• 2026 Population: 116,913
• Average HH Income: $96,726
• Median HH Income: $77,474

WHY THIS DEAL

• A true value-add opportunity
• Contractual rent step-ups on two major tenants over the next 12–18 months drive Year 1 NOI growth
• Multiple month-to-month tenancies provide immediate flexibility to reset rents and upgrade tenant mix
• Priced well below replacement cost for a 5.25-acre site in this submarket
• Strong trade area anchored by Lackland AFB, USAA, H-E-B, and multiple school districts