Description

DuWest Realty Investment Services is pleased to present the opportunity to acquire Broadway & Nottingham Retail (“the Property”). Located in the affluent and historic neighborhood of Alamo Heights in San Antonio, Texas, the 25,440 square foot property is 100% occupied along highly trafficked Broadway Street (20,103 VPD). With less than 2 years WALT remaining, the rent roll is primed for new ownership to elevate the center’s offerings.

The Property features a mix of office and retail tenants such as award winning interior design firms and restaurants beloved by the community. Located on the hard corner of Broadway & Nottingham, the Property has seen the growth and expansion happening around it. Across the street, Morgan Stanley planted its San Antonio HQ in the brand new, luxury mixed-use building known as 7600 Broadway which also features 216 units of multifamily. The Property is ideally located amongst behemoth shopping centers such as Shops at Lincoln Heights, which recently added 42,000 SF to their existing H-E-B and sees over 3.3 million visitors annually. The Property also benefits from its proximity to Alamo Heights Schools (2,704 total students), the Alamo Quarry Market (Whole Foods Anchored) which sees 7.7 million visitors annually and last but not least, is located less than 10 minutes away from San Antonio International Airport (SAT) which broke records in 2023 for the most annual visitors – more than 10,670,000.

Six of the eight tenants lack rental options and the two tenants who have options remaining are both at fair market value. Additionally, new ownership has the ability to get to these rents quickly: Five of the eight tenants expire within the first 18 months of ownership.

The acquisition of Broadway & Nottingham Retail provides the investor the ability to purchase core Alamo Heights real estate with growth & redevelopment potential. The Property is poised for continued success as the area continues to add density and draws more attention to everything Broadway has to offer.

Square Feet

25,440 SF