1540 River Rd - Fast Food FOR SALE


Boerne, TX 78006
$2,400,000 USD
972-755-5205
1540 River Rd, Boerne, TX for Sale
$2,400,000 USD
Fast Food - FOR SALE
1/4
null | 7.25% Cap Rate

1540 River Rd
Boerne, TX 78006


HIGHLIGHTS

  • New 10-Year Absolute Net Lease With 10 Percent Rent Increases Every Five Years
  • Excellent Access and Visibility On River Road (TX-46) With 26,373 VPD
  • Affluent Trade Area With $156,867 Average Household Income and Strong Population Growth (5-Mile Radius)
  • Modern Construction — 4,400 SF Freestanding Building Built in 2016
  • Directly Across From Champion High School With 2,071 Students and Expansion to 120 Percent Capacity
  • Surrounding Area Experiencing Significant Residential and Infrastructure Expansion Across Boerne Corridor

OVERVIEW

Offered for sale is an absolute net leased Inferno’s Pizza located in Boerne, Texas. The asset features a new 10-year lease with 10 percent rent increases every five years, providing contractual income growth with zero landlord responsibilities. The property includes a 4,460-square-foot freestanding building built in 2016 with excellent access and visibility along River Road (TX-46) with 26,373 VPD. The surrounding trade area reports a $156,867 average household income with continued population growth and is positioned near active residential and commercial development.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$545 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Inferno's Pizza (San Antonio MSA)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

C2

APN/PARCEL ID

296231

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.