2505 IH 35
New Braunfels, TX
Price:
$6,694,000
Cap Rate:
4.75%
NOI:
$317,979
Building Size:
Approx. 4,842 Sq. Ft.
Lot Size:
Approx. 1.91 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2021
Investment Overview
- 2021 Construction. 4,842 +/- SF Building on 1.91+/- Acre Site
- 15 Year Corporate Absolute NNN Lease w/ 7.5% Rental Increases Every 5 Years
- Excellent Hard Corner Location at the Intersection of I-35 (125K VPD) & Schmidt Ave (6K VPD)
- Located Within 1 Mile of Walmart Supercenter, Lowe’s Home Improvement, H-E-B, Specs, & More
- New Braunfels is a Popular Stop on the Route Between San Antonio and Austin
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- New Braunfels | Greater San Antonio MSA | Population: 98,500+
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