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10-Year Absolute Net Lease Opportunity 1540 River Rd 4,460 SF Retail Building Boerne, TX 78006 $2,400,000 ($538.12/SF) 7.25% Cap Rate
Investment Highlights
- New 10-Year Absolute Net Lease With 10 Percent Rent Increases Every Five Years
- Affluent Trade Area With $156,867 Average Household Income and Strong Population Growth (5-Mile Radius)
- Directly Across From Champion High School With 2,071 Students and Expansion to 120 Percent Capacity
- Excellent Access and Visibility On River Road (TX-46) With 26,373 VPD
- Modern Construction — 4,400 SF Freestanding Building Built in 2016
- Surrounding Area Experiencing Significant Residential and Infrastructure Expansion Across Boerne Corridor
Executive Summary
Offered for sale is a 10-Year Absolute Net Lease Opportunity 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 constructed in 2016 with strong access and visibility along River Road (TX-46), which sees approximately 26,373 vehicles per day. The surrounding trade area reports an average household income of $156,867 and continues to experience population growth, supported by ongoing residential and commercial development.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,460 SF
Building Class
B
Year Built
2017
Price
$2,400,000
Price Per SF
$538.12
Cap Rate
7.25%
NOI
$174,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.95 AC
Zoning
C2 - Transitional Commercial
Frontage
174’ on River Rd/ hwy 46
Amenities
- Restaurant
- Signage
- Signalized Intersection
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 296231 | Improvements Assessment | $943,610 |
| Land Assessment | $423,750 | Total Assessment | $1,367,360 |
Property Taxes
Parcel Number
296231
Land Assessment
$423,750
Improvements Assessment
$943,610
Total Assessment
$1,367,360
Contacts
-
Vincent Knipp -
Luke Sullivan -
Ryan Wolf -
Knipp Wolf Net Lease Group | Marcus & Millichap
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10-Year Absolute Net Lease Opportunity | 1540 River Rd
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