REIT Sale | Former Native Grill & Wings | 22K VPD | 2014 Built

Description:

Ri Marketplace Online Auction October 14th-16th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2716/reit-sale-former-native-grill-wings-22k-vpd-2014-built?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2716

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing second-generation restaurant/retail building located at 3238 Wurzbach Road in San Antonio, TX 78238 (the “Property”). Formerly occupied by Native Grill & Wings, the Property is being offered significantly below replacement cost, creating an exceptional opportunity for owner/users or investors to acquire a highly visible, strategically positioned asset with substantial value-add potential.

Built in 2014, the Property features a ±7,373-square-foot, one-story building on a ±1.2314-acre (±53,638 SF) parcel, offering 72 parking stalls. It enjoys premier hard corner frontage on the heavily trafficked Wurzbach Road (±22,340 VPD) and Van Cleave Drive. The Property is positioned as an outparcel to Ingram Mall with over 150 stores and a strong tenant mix anchored by JCPenney, Macy’s and Dillard’s. The Property is zoned C3 (Commercial District), allowing a broad range of retail, dining, and service-oriented uses. Previously operated under a triple-net (NNN) lease by Native Grill & Wings, the Property represents a compelling value-add opportunity for investors or owner/users to re-lease or reposition at competitive market rates (CoStar estimated retail rents of $19-23/SF NNN).

Home to the Alamo and the iconic River Walk, the San Antonio metro anchors the southern portion of Central Texas along the booming Interstate 35 Corridor—one of the fastest-growing regions in the state. The Property is located within an active retail corridor in the Ingram Park Mall trade area, one of the city’s largest regional shopping destinations, generating steady consumer traffic and demand. Nearby national retailers and restaurants—including Whataburger, Chick-fil-A, and Outback Steakhouse—create significant crossover traffic and reinforce the Property’s positioning within a thriving commercial hub. The site is positioned near the signalized intersection with Ingram Road also benefits from a Location Score® of Good Location (62) and a Walk Score® of Somewhat Walkable (61). Strategically positioned in San Antonio’s Northwest submarket, one of the city’s most dynamic growth corridors, the Property enjoys proximity to Loop 410 and Interstate 10 just 1-mi away with ±167,808 VPD, offering direct access to Downtown San Antonio (±18-min), the South Texas Medical Center, and San Antonio International Airport. This corridor is anchored by major employers such as USAA, Valero Energy, and the South Texas Medical Center, along with a diverse mix of retail, service, and institutional users. Supported by robust population growth, expanding infrastructure, and a thriving employment base, the Northwest submarket continues to attract investment and sustain long-term economic momentum. The Property is in close proximity to Oliver Wendell Holmes High School (±2,570 students) and is further supported by extremely dense demographics, with nearly ±110,000 residents within a 3-mi radius and more than ±345,000 residents within a 5-mi radius, boasting an average household income of ±$80,896.

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