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Building & Site Analysis

The subject property is a 36,622 square foot freestanding built to suit commercial building.  The property is a one-story building with concrete brick walls with stucco exterior accents on a reinforced concrete foundation.  The roof is comprised of asphalt over rigid insulation board over a metal deck.  In 2008, the building was remodeled with new fixtures and paint.

The 239,676 square foot (5.5 acre) parcel has 407 feet of frontage on US 181.  Site improvements include an asphalt-paved parking lot with 209 spaces.   All public utilities are available and are in place on the site.  No adverse easements or encroachments were observed to be on the subject property.  Access to the site is provided by several ingress/egress points along US 181, which serve the property and the adjacent shopping center.  The site is zoned Commercial and the property is considered to be of legal and conforming use.

The subject property is located in the northern portion of the City of Floresville, approximately two miles north of the Central Business District of Floresville.  The city of Floresville is the county seat of Wilson County and is approximately 25 miles south-southeast of San Antonio, Texas.  Floresville is considered to be a commuting community, as over 55% of its residents commute to San Antonio to work.  Wilson County is approximately 85 miles south of Austin and 180 miles southwest of Houston.  Wilson County’s major traffic arteries include U.S. Highway 181, U.S. Highway 87 and State Highway 123.  U.S. Highway 181 is the principal traffic carrier through Floresville and provides direct access to Interstate 37 and San Antonio.  The property has excellent visibility to traffic from both directions.  The property is situated in the north portion of Floresville’s primary commercial/retail corridor.  Recent traffic counts estimate approximately 17,500 vehicles per day on US Highway 181.  The subject property is located contiguous to Center Plaza, a 150,000 square foot center anchored by CVS, Dollar General and Tractor Supply.  Additional traffic generators include: McDonalds, Kmart, Dollar General, and Wells Fargo Bank.  

About Wal-Mart

Wal-Mart Stores, Inc. (“Wal-Mart”) is a global retailer that focuses on providing a broad variety of merchandise at everyday low prices (“EDLP”).  Wal-Mart is the world’s largest retailer as measured by revenue.  As of fiscal year ended January 31, 2011, Wal-Mart generated over $419 billion in net sales.  Wal-Mart is comprised of three business segments:  Wal-Mart Stores, SAM’S CLUB and its International segment.  The Wal-Mart Stores segment is the largest segment of the company’s business, which accounted for approximately 64% of its fiscal 2011 sales.  This segment consists of three retail formats, all located in the U.S., which includes:  Supercenters, which average approximately 187,000 square feet, Discount Stores, which average approximately 108,000 square feet, and Neighborhood Markets, which average approximately 42,000 square feet.  Wal-mart’s SAM’S CLUB segment accounted for approximately 12% of sales and its International operations accounted for approximately 24% of 2011 fiscal sales.  Wal-Mart Stores, Inc. has an S&P rating of AA and is traded under the symbol “WMT” on the NYSE.

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