Northwest Military Highway 2211, Castle Hills, TX, 78213, US

Castle Hills Market

Asset Description

JLL is pleased to present Castle Hills Market, a 97,682 SF neighborhood retail strip in San Antonio, TX. The property is ideally situated at NW Military Hwy and West Ave, which is a critical retail artery in Northwest San Antonio seeing north of 40,000 vehicles per day. Castle Hills Market presents a unique opportunity to capitalize on significant growing demographics in the area, seeing an impressive 120,667 residents 3-mile radius and the Castle Hills area has an AHHI of $139,000. The community is experiencing rapid transformation as young families are drawn to the area for its affordable housing options, excellent schools, and convenient central location. Rental rates are 20-30% below market which yields 7%+ expected compound annual growth.

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Attributes

Building area net

9,075 m²

Year built

1986

Land area gross

3 ha

Occupancy

91%

Media

Investment Highlights

Close proximity to premier neighborhoods – Castle Hills area has an AHHI of $139,000
Rental rates are 20-30% below market which yields 7%+ expected compound annual growth
Ideally located at NW Military and West Ave – totaling almost 40,000 VPD