Dollar Tree

• Proven Location – National Tenant Backfill At Higher Rent – Following Walgreens’ closure in 2025, the property was quickly backfilled by Dollar Tree, which opened in June 2026 at an initial annual rent of $200,700 ($15.00/SF)—2.9% above Walgreens’ prior annual rent of $195,000. The successful re-leasing to another national retailer at an increased rental rate provides compelling evidence of tenant demand, rent support, and the property’s long-term residual value.
• Below Market Rent – Dollar Tree’s rent of $15.00/SF is approximately 39% below the $24.77/SF market asking rent for comparable 10,000–20,000-square-foot retail properties within a half-mile radius, per CoStar, providing an investor with downside protection and potential long-term rental upside.
• Recently Renovated – Dollar Tree recently opened after an approximately $675,000 renovation of the 13,380-square-foot building. The substantial renovation modernized the former Walgreens for Dollar Tree’s operations and provides an incoming investor with a recently improved retail asset.
• San Antonio, TX – The property is located in San Antonio, the second-largest city in Texas and seventh-largest in the United States, with more than 1.5 million residents. The city added approximately 24,000 residents between 2023 and 2024, ranking fourth nationally for numeric population growth, while the broader metropolitan area has grown to nearly 2.8 million residents. The diverse regional economy is anchored by Joint Base San Antonio, the South Texas Medical Center, USAA, H-E-B and Valero Energy, supporting continued growth and long-term retail demand.
• Significant Recent Area Investment – Directly across Babcock Road, construction is nearing completion on The Shoppes at Babcock, a new 13,380-square-foot retail center, along with an adjacent freestanding single-tenant building. The City of San Antonio also recently completed a $40.3 million improvement project along Prue Road beginning at Babcock Road, including roadway reconstruction and widening, new sidewalks, signal modifications and drainage improvements.
• Affluent Trade Area – The property serves an established Northwest San Antonio community with an average household income exceeding $132,000 within one mile, supporting strong purchasing power and sustained retail demand.
• Growing Trade Area – Population and households within one and three miles are projected to grow an average of 4.67% over the next five years, expanding Dollar Tree’s surrounding customer base.
• Strong Retail Corridor – Strategically positioned at the signalized intersection of Babcock Road and Prue Road, Dollar Tree benefits from surrounding retail, restaurants, healthcare providers and established residential neighborhoods. The property is adjacent to Whataburger, directly across from McDonald’s and the 13,380-square-foot Shoppes at Babcock nearing completion. This concentration of necessity-based retail and service-oriented businesses generates consistent daily traffic throughout the corridor.
• Income Tax-Free State – Texas boasts one of the nation’s most attractive tax climates, being one of only nine states nationwide with no state income tax.