BlueWave Express Wash - #1 Texas Operator | 20Yr Abs.… — Sale in San Antonio, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: San Antonio, TX 78255
Photos
Investment Figures
- Cap rate
- 7.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
San Antonio is one of the fastest-growing metropolitan areas in the United States, supported by strong population growth, a diversified employment base, and a business-friendly economic environment. The city benefits from consistent in-migration driven by affordability, quality of life, and Texas’ favorable tax structure, including no state income tax. Major industries include healthcare, energy, financial services, military, and technology, providing a stable and resilient economic foundation. The subject property is located within the highly desirable northwest San Antonio submarket, one of the region’s most dynamic growth corridors. This area has experienced significant residential expansion over the past decade, fueled by demand from both local and relocating populations seeking proximity to employment centers and access to the Texas Hill Country. Nearby communities such as Boerne, Leon Springs, and Fair Oaks Ranch continue to see strong housing development and population growth. The property benefits from its proximity to Interstate 10, a major east-west transportation corridor that connects the northwest submarket to downtown San Antonio and the broader metropolitan area. This corridor is a primary commuter route, supporting strong daily traffic volumes and accessibility. Additionally, the area is anchored by major employment drivers including USAA, Valero Energy, and the nearby South Texas Medical Center, one of the largest medical districts in the country. These institutions support a large daytime population and stable employment base. The surrounding retail environment is highlighted by premier destinations such as La Cantera and The Rim, which draw consumers from across the region. Overall, the northwest San Antonio corridor offers strong fundamentals, continued growth, and long-term demand drivers. Investment Highlights: • 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 1.5% Annual Rental Increases Throughout the Initial Term and Option
Market Context
This retail in San Antonio, TX is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in San Antonio, TX — view the full market.
As of Q1 2026, the San Antonio retail market showed a 4.2% vacancy rate, average asking rents near $19.45/SF/yr, and cap rates around 7.2%. Source: Partners Real Estate Q1 2026 market report.
Its 7.0% asking cap rate is in line with the San Antonio retail market average of about 7.2%. Tight vacancy keeps competition for quality space elevated.
Retail market FAQ
- What is the typical cap rate for retail in San Antonio?
- About 7.2% as of Q1 2026, per Partners Real Estate.
- Is the San Antonio retail market tightening or softening?
- Vacancy is around 4.2% (Q1 2026).
Contact
- Alvin Mansour · (858) 373-3184 · alvin.mansour@marcusmillichap.com
- Jon Talia · (858) 373-3186 · jonathan.talia@marcusmillichap.com
- Chad O'Connor · (858) 373-3146 · chad.oconnor@marcusmillichap.com
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