Green Plaza at Evans — Sale in San Antonio, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: San Antonio, TX 78261
  • Year built: 2023

Photos

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Investment Figures

Cap rate
6.02%

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

Green Plaza at Evans is a newly constructed neighborhood retail center located within the highly desirable Far North San Antonio submarket. The property consists of approximately 15,725 square feet across two multi-tenant retail buildings situated on a 3.25-acre parcel with strong frontage and visibility along East Evans Road. Two end cap suites feature drive-thru lanes, enhancing tenant demand, long-term leasing appeal, and overall asset functionality. The center is 100 percent occupied by a diverse mix of service-oriented and daily-needs tenants including medical, dental, fitness, restaurant, shipping, beauty, and convenience retail users. All leases are on triple-net terms, and the majority include scheduled annual rent escalations. Green Plaza at Evans is located within the rapidly growing Far North San Antonio / Stone Oak corridor, an affluent suburban trade area characterized by strong demographics, substantial residential expansion, and increasing retail demand. The property is strategically positioned along East Evans Road near the intersection of Wortham Oaks Boulevard and in close proximity to Wortham Oaks Elementary School and Cibolo Creek Middle School, serving a dense concentration of surrounding residential communities and affluent suburban rooftops. Investment Highlights: • NEW 2023 CLASS A CONSTRUCTION WITH DRIVE-THRU END CAPS • 100% LEASED TO DAILY-NEEDS & INTERNET-RESISTANT TENANTS WITH PERSONAL GUARANTEES • HIGH-GROWTH, AFFLUENT SAN ANTONIO SUBMARKET • LIMITED RETAIL SUPPLY WITH STRONG DEMAND FUNDAMENTALS

Market Context

This retail in San Antonio, TX is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2023. 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 6.0% asking cap rate is below the San Antonio retail market average of about 7.2%, reflecting premium pricing relative to comparable assets. 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).

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