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Advance Auto Parts 2688 Loop 337

6,889 SF Retail Building New Braunfels, TX 78130 £3,153,729 (£458/SF) 5.80% Net Initial Yield

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
Auto Repair
Building Size
6,889 SF
Building Class
B
Year Built
2024
Price
£3,153,729
Price Per SF
£458
Net Initial Yield
5.80%
NOI
£182,889
Tenancy
Single
Number of Floors
1
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

H-E-B
Orangetheory Fitness
McAlister's Deli
Chase Bank
Bank of America
Prosperity Bank
Dutch Bros. Coffee
Stretchlab
Starbucks
9Round

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
56-0285-0004-00
Land Assessment
£582,289
Improvements Assessment
£0
Total Assessment
£582,289
  • Listing ID: 33550888

  • Date on Market: 17/10/2024

  • Last Updated:

  • Address: 2688 Loop 337, New Braunfels, TX 78130

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