Advance Auto Parts | 2688 Loop 337
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Advance Auto Parts 2688 Loop 337
6,889 SF Retail Building New Braunfels, TX 78130 $3,964,362 ($575/SF) 5.80% Cap Rate
Investment Highlights
- 2024 Construction. 6,889+/- SF Building on 1.00+/- Acre Site
- Located in a Growing Commercial & Residential District – Pad Site to an H-E-B
- Advance Auto Parts is One of the Largest Auto Stores in the Country w/ Over $16B in Revenue Across 4,776 Stores
- Highly Visible Location – Located on Loop 337 (13,100+ VPD), Which Begins at I-35 (41,500+) VPD
- Less Than a Mile from New Braunfels High School (1,926+ students), 1 Mile from Landa Park Golf Course, & Less Than 2 Miles from Schlitterbahn
- New Braunfels | 26 Miles From Downtown San Antonio, TX | Population: 106,000+
Executive Summary
New Construction, 15 Year Abs. NNN Corporate Lease w/ a 10% Rent Bump in Year 10 & 10% Bumps Every 5 Years
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,889 SF
Building Class
B
Year Built
2024
Price
$3,964,362
Price Per SF
$575
Cap Rate
5.80%
NOI
$229,899
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.00 AC
Parking
13 Spaces (1.89 Spaces per 1,000 SF Leased)
Frontage
121 FT on Loop 337
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 56-0285-0004-00 | Improvements Assessment | $0 |
Land Assessment | $731,960 | Total Assessment | $731,960 |
PROPERTY TAXES
Parcel Number
56-0285-0004-00
Land Assessment
$731,960
Improvements Assessment
$0
Total Assessment
$731,960
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Advance Auto Parts | 2688 Loop 337
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