Investment Offering
New Braunfels, TX - New Braunfels Crossing II
Loop 337 & Oak Run Pkwy | New Braunfels, TX 78132
$6,441,000
Price6.25%
Cap Rate$402,575
NOI13,343
± SF Offering GLA1.44
± AC Land AreaDescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in New Braunfels Crossing Phase II, a NNN leased freestanding, newly constructed, 100% leased retail center located in New Braunfels, Texas (San Antonio MSA). The offering features a strong, food and service-based tenant line up of Pet Supplies Plus, Vitamin Shoppe, Sports Clips, and Red Circle Boba (with Drive-through). The tenants operate under leases that are NNN in nature, limiting expense leakage for a future investor. All tenants are newly signed, committing to a weighted average lease over 8 years, with scheduled rental increases, among which ALL of the rental incomes come with rare annual rental increases throughout the initial term and the option period, steadily growing NOI and hedging against inflation. The property was built in 2023 with high quality materials and features a modern design with an attractive façade.
Location
New Braunfels Crossing is strategically located near the signalized, hard corner intersection of Oak Run Pkwy and State Highway 337 (23,800 VPD), a major commuter thoroughfare serving the city of New Braunfels. The property profits from excellent visibility via a large monument sign on the intersection and significant street frontage facing State Highway 337. Additionally, the asset is ideally situated near the WestPoint Village, the largest shopping center in New Braunfels anchored by H-E-B, significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the property. Furthermore, the subject property is within close proximity to the residential area of New Braunfels. The 5-mile trade area is supported by over 83,700 residents and over 35,700 daytime employees with an average house income of $111,580.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215