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Freddy’s Frozen Custard & Steakburgers 500 Sidney Baker St

3,027 SF Retail Building Kerrville, TX 78028 $2,465,000 ($814/SF) 6% Cap Rate

Investment Highlights

  • 15-Year Absolute NNN Lease to Freddy’s
  • No Landlord Maintenance Obligations
  • Kerrville Expected to Triple in Size by 2050
  • Rare 2.00% Annual Rental Escalations
  • Signalized Hard Corner on Kerrville’s Busiest Street
  • 2 Miles from Schreiner University - Approximately 1,300 Students

Executive Summary

The subject property is strategically located at a signalized hard corner with excellent access and visibility along Sidney Baker Street (21,565 AADT). The site benefits from robust demographics with a total daytime population of 38,963 and average household income of $85,857 within 5 miles of the site.
The property benefits from a prominent retail location in close proximity to shopping centers and major retail tenants. Nearby shopping centers include Country Club Plaza, featuring Tractor Supply Company (276,100 visits per year, per Placer.ai), Spec’s, Dollar Tree, and Big Lots; River Hills Mall, anchored by Belk; and more. Major retail tenants in the surrounding are include Walmart Supercenter (2.6 million visits per year), Walgreens (359,900 visits), H-E-B (2.5 million visits), CVS (224,100 visits), Home Depot, and more. The site also neighbors Peterson Regional Medical Center, a 124-bed hospital and the city’s largest employer with a staff of 1,315. The property is located approximately 2 miles from Schreiner University, with a student body of 1,300 and staff of 660.
Kerrville (population 24,752) is the seat of Kerr County, Texas approximately 65 miles northwest of San Antonio within Texas Hill Country. The city was home to the original location of H-E-B, one of Texas’ largest grocery chains. Kerrville has historically been one of the wealthiest small towns in America, with a large population of young professionals and retirees. The city is located on the Guadalupe River and benefits from a broad economic base in business, agriculture, light manufacturing, health care, transportation, services, education, and tourism. Major tourist attractions in Kerrville include the Texas State Arts & Crafts Fair, the Kerrville Folk Festival, the Kerrville Renaissance Festival, and more.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,027 SF
Building Class
B
Year Built/Renovated
1986/2023
Price
$2,465,000
Price Per SF
$814
Cap Rate
6%
NOI
$147,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.60 AC
Opportunity Zone
Yes
Zoning
C2 - Commercial
Parking
25 Spaces (8.26 Spaces per 1,000 SF Leased)
Frontage
182 FT on Schreiner St

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Scooter's Coffeehouse
Rent-A-Center
H-E-B
Comerica
Bank of America
Sunflower Bank
Taco Casa
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R43249
Land Assessment
$289,520
Improvements Assessment
$378,210
Total Assessment
$667,730
  • Listing ID: 32002899

  • Date on Market: 6/3/2024

  • Last Updated:

  • Address: 500 Sidney Baker St, Kerrville, TX 78028

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