EVO Entertainment Investment
For Sale
Contact for pricing
IH 35, Schertz, TX
NNN leased EVO Entertainment property in Schertz, Texas.
Property Size73,813 SF
Lot Size17.40 Acres
Price / SF$325.86
Days on Market345
Property Features for IH 35
General Information
Standard status
Active
Size
73,813 SF
Lot size
17.40 Acres
Property subtype
RETAIL
Listing Agency:
SRS Industrial - Newport Beach
(949) 698-1116
Listed By:
Matthew Mousavi · License #CA 01732226
(949) 698-1116
Source:
Moodyscre
Added: Aug 25, 2025
Changed: Jul 10
Last Checked: Jul 21 at 4:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach
Investment Insights
Based on property information with market context.
The property is a fee simple interest (land & building ownership) NNN leased EVO Entertainment investment property. It is located in Schertz, Texas. The property is suitable for shopping centers, retail properties, bowling alleys, sports and entertainment properties, and restaurants. The property size is 73813 square feet.
Key Highlights
- NNN Leased Investment Property
- Fee Simple Interest (Land & Building Ownership)
- EVO Entertainment Tenant
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.47M | $19.92 |
| − Vacancy | −$58.8k | −$0.80 |
| EGI | $1.41M | $19.12 |
| − OpEx | −$352.9k | −$4.78 |
| NOI | $1.06M | $14.34 |
73,813 SF · lease $19.92/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$15.12M
$13.23M – $17.64M
NOI $1,058,656 @ 7.0% cap · market cap 4.40%
Second Best
Retail
$14.12M
$12.35M – $16.47M
NOI $988,079 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$19.36M
$16.94M – $22.59M
NOI $1,355,207 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
44k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Groceries 3%
QuikTrip
Shops & Services
42,401 visits/mo
0.1 miles
Sysco
Groceries
1,391 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - NNN leased EVO Entertainment property in Schertz, Texas.
Where is this shopping center located?
The property is located at IH 35 Schertz, TX.
What is the asking price?
The asking price for this property is $24,053,000.
What are key features of this property?
This property features: NNN Leased Investment Property; Fee Simple Interest (Land & Building Ownership); EVO Entertainment Tenant
