J. Alexander’s – San Antonio, TX — Sale in San Antonio, TX
- Price: $4M
- Listing type: For sale
- Asset type: Retail Business
- Location: San Antonio, TX 78256
- Year built: 2020
Photos
Investment Figures
- Cap rate
- 6.25%
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
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the single-tenant J. Alexander's located at 17422 Fiesta Texas Drive, San Antonio, Texas (the "Property" or "Asset"). J. Alexander's is operating on an absolute NNN ground lease with ±9.6 years of primary lease term remaining, various rent escalations and three, five-year options. This offering presents investors with a rare opportunity to acquire a long-term ground lease from a well-known restaurant brand in a heavily trafficked commercial corridor.
Market Context
This retail in San Antonio, TX is listed for sale at $4,000,000. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2020. 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 6.2% 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).
Contact
- Caroline Pinkston · 2144386590 · caroline.pinkston@jll.com
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