SW Neighborhood Centers IV (“SWNC IV”) has acquired Encino Commons, a 10,800-square-foot neighborhood retail center located in one of the fastest-growing and most affluent submarkets within the San Antonio MSA. The acquisition marks SWNC IV’s second investment as the Fund continues to grow its portfolio of well-located, unanchored neighborhood retail strip centers across the country.
Encino Commons is a fully-leased, five-tenant neighborhood retail center, strategically positioned along Highway 281, one of San Antonio’s primary north-south corridors. The property benefits from exceptional visibility to more than 70,000 vehicles per day, direct access from both Highway 281 and TPC Parkway, and steady foot traffic generated by the surrounding residential and commercial communities.
The center features a stable lineup of national and regional tenants, including Potbelly Sandwiches, Tropical Smoothie Cafe, and ATI Physical Therapy. The property offers modern glass storefronts, prominent signage opportunities, and ample parking. “Encino Commons marks our first acquisition in San Antonio and our continued expansion in Texas,” said Director of Acquisitions Jonathan Kahalley. “This center, located at the intersection of Highway 281 and TPC Parkway, illustrates our strategic focus on convenience retail in affluent communities and our commitment to established corridors with daily, service-based tenants.”
Travis Taylor with SVN – Traditions Realty represented SWNC IV in the purchase, and Jonathan Haag with Reliance Realty represented the seller.
The acquisition further advances SWNC IV’s investment strategy of targeting infill neighborhood retail assets in high-growth markets with strong demographics and resilient tenant demand. The property’s stable occupancy and durable tenant mix position it well for long-term value creation. The Acquisition Team will continue to hunt for similar deals in this market.
SWNC IV is an affiliate of Birmingham-based Shannon Waltchack, a vertically-integrated commercial real estate firm focused on acquiring neighborhood retail centers occupied by service-oriented tenants in dense, affluent communities. The firm’s preferred tenant mix includes medical providers, restaurants, fitness concepts, salons, and other businesses that are less susceptible to disruption from e-commerce. In addition to Encino Commons, SWNC has acquired five other strip centers in Texas markets, including Midland, Lubbock, Houston, Leander and Waco.
Shannon Waltchack continues to actively pursue unanchored neighborhood retail strip centers throughout the United States. Brokers with acquisition opportunities are encouraged to contact Director of Acquisitions Jonathan Kahalley at 251-654-3868, [email protected] or connect via our broker site, WeBuyStrips.com.
"This center illustrates our strategic focus on convenience retail in affluent communities and our commitment to established corridors with daily, service-based tenants."
