Walzem Corner – San Antonio, TX

Sands Investment Group is pleased to present the Walzem Corner Portfolio, 7 contiguous parcels totaling 4.63 acres at the signalized hard corner of Walzem Road and Interstate 35 in San Antonio and Windcrest, TX. The offering includes 4 occupied buildings, a landlord-owned interstate billboard, a vacant former Discount Tire building, and an access and parking tract, all held under single ownership since the 1950s. In-place income of $444,284 comes from 5 tenants across 4 uses, anchored by EZ Pawn, operated by a subsidiary of EZCORP, Inc. (NASDAQ: EZPW), which has occupied this corner continuously since 1991. This is a rare opportunity to control an entire signalized corner with dual interstate and arterial frontage in a fully built-out infill node.

• Control of an Entire Signalized Hard Corner (4.63 acres, 7 parcels): 7 contiguous parcels held under single ownership since the 1950s at Walzem Road and Interstate 35, with frontage and access on both. An assemblage of this scale, with this much interstate frontage, in a fully built-out infill node cannot be recreated at today’s land basis.
• Dual Frontage on a Major Interstate and a Primary Arterial: I-35 carries 100,000+ VPD at this location, and Walzem Road contributes an additional 37,000 to 39,000 VPD. The property fronts and takes access from both, a position that is effectively unavailable in this corridor today.
• Income in Place While You Reposition: $444,284 of annual in-place rent from 5 tenants across 4 uses carries the asset during entitlement, lease-up, or redevelopment planning. Anchored by Texas EZPAWN, L.P., a subsidiary of EZCORP, Inc. (NASDAQ: EZPW), operating on this corner since 1991.
• National Capital Has Underwritten This Corridor: Industrial Commercial Properties acquired the 1.2 million SF former Windsor Park Mall and Rackspace headquarters campus and has committed more than $40 million to its redevelopment as Windcrest International Business Park.
• $40M+ Adaptive Reuse Underway on the Same Corridor: The former Windsor Park Mall and Rackspace headquarters campus on Walzem Road is being converted by Industrial Commercial Properties into Windcrest International Business Park, 639,627 SF of modern industrial and flex space. ICP acquired the site for roughly $21.5 million and is investing $40 to $50 million. JLL announced the building is ready for 1st tenants in June 2026, with capacity for up to 18 businesses. New daytime employment lands directly in this trade area.
• $2 Billion TxDOT I-35 Northeast Expansion at the Doorstep: TxDOT is expanding ~20 miles of I-35 from N Walters Street to FM 1103 with 2 elevated structures carrying 2 general-purpose lanes and 1 HOV lane in each direction. Work is active on the Walzem Road segment, and the 1st major portion is scheduled to open in early 2027, materially improving capacity and access on the interstate this property fronts.
• Proven Tenancy with Multi-Decade Occupancy History: EZ Pawn has operated continuously at this corner since 1991, a 35-year track record, and exercised its final renewal option this year. Las Palapas has operated here since 2002. Pollos Asados has never requested rent relief, including through COVID. On infill retail, tenure and renewal behavior are the most reliable indicators of a location that works.
• Publicly Traded Credit Anchored Rent roll: EZ Pawn is operated by Texas EZPAWN, L.P., a subsidiary of EZCORP, Inc. (NASDAQ: EZPW), contributing $151,981 or 34% of in-place income on an Absolute Triple Net (NNN) unsubordinated Ground Lease through April 2031. The lease carries a continuous operation covenant that contractually obligates the tenant to remain open.
• Landlord-Owned Interstate Billboard With Transferable Permits: Ownership includes a double-face 14′ x 48′ pylon sign with I-35 and Loop 410 visibility, leased at a $12,000 annual minimum plus revenue participation. Trailing 12-month collections totaled $18,761. Permits transfer to ownership at lease end. The restaurant tenants are contractually barred from obstructing the sightline. Permitted interstate billboard inventory is effectively impossible to originate today.

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481