830-500-3787
2802 N Interstate 35, New Braunfels, TX for Sale
Freestanding - FOR SALE
1/4
null | Request Cap Rate

2802 N Interstate 35
New Braunfels, TX 78130
Outer Comal


HIGHLIGHTS

  • One of the fastest growing markets in the country (2022-23)
  • Across from Buc-ee's (8 million visitors annually)
  • At the Gateway to Town Center at Creekside (400+ acres and 1M SF of retail)
  • 100% leased since developed in 2009 (same tenants)
  • High ratio of national credit
  • 98.2% Retail Market Occupancy (CoStar)

OVERVIEW

SVN | Traditions is pleased to present this top-tier, core asset to the market for sale. CoStar reports a retail occupancy of 98.2% for New Braunfels. The center has IH-35 exposure, anchored by the Town Center at Creekside, at the opposite corner from Buc-ee's. The center is 100% occupied with national credit tenants. The six tenants have been in place since the project was developed in 2009. Average contract rent is approximately $44 per square foot. AT&T just renewed their lease for another five years, commencing August 1, 2025. The GSA lease expires at the end of 2025, creating some upside in revenue.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Creekside Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

M-1

APN/PARCEL ID

361883

ASK ABOUT THIS PROPERTY

Travis TaylorSVN | TraditionsMore Info
830-500-3787

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Travis TaylorSVN | TraditionsMore Info
830-500-3787

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