facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Retail

/

Sale

/

23234 Us Highway 281

Updated Sep 4, 2026

Bilt advertisement
Investor Acquires Retail Property Ground Lease At 23234 US Highway 281 In San Antonio
SOLDRetail

Investor Acquires Retail Property Ground Lease At 23234 US Highway 281 In San Antonio

23234 Us Highway 281

Building Size

2,961 SF

Asset Type

Retail

Closing

Aug 28, 2026

About this deal

AI

A private investor acquired a newly constructed 2,961-square-foot PNC Bank ground lease property at 23234 U.S. Highway 281 in San Antonio, Texas. The property encompasses 1.12 acres and features a new 20-year ground lease with scheduled 10% rent increases every five years.

Summary of transaction details:

Marcus & Millichap’s Vincent Knipp, Ryan Wolf, and Jonathan Neve represented the seller in the transaction and procured the buyer for the property, reflecting the continued interest in ground lease investments within the retail sector.

Players

Vincent Knipp

Marcus & Millichap

Broker

$2.5M

vol

12 deals

Broker

San Antonio Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Deal FAQ

Visit Ryan Wolf to view all their deals.

Browse San Antonio retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets