Current Use by Public Records
- Lifestyle centers
Property Details for 30875 I-10
- Year built
- 1992
- Lot size
- 0.67 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 16,000-square-foot retail building in Boerne, Texas, presents a compelling investment opportunity. Located at 30875 I-10 Retail Bldg, 78006, this single-story, Class B property boasts a prime Interstate 10 location and sits on a 0.67-acre lot. Built in 1992 and extensively renovated between 2020 and 2024, the building currently enjoys 100% occupancy with six tenants, all under gross leases, except for one with a triple net lease. The property features ample parking for 45-50 vehicles and benefits from shared, new LED Interstate 10 signage. The strong tenant base includes long-term, corporate-guaranteed leases, ensuring consistent income. The current Net Operating Income (NOI) is $263,200, yielding a 5.98% capitalization rate. This offering is structured as a 1031 exchange opportunity, making it particularly attractive to investors seeking tax-deferred exchanges. The property is managed by a professional condominium association, encompassing all taxes, insurance, fees, and maintenance. Rent bumps are in place, and seller financing may be available with a 15% down payment. The property is zoned for retail use and offers potential for future value-add opportunities. All information is subject to verification. This is a rare opportunity to acquire a well-maintained, high-performing retail asset in a desirable location. The property is sold as a commercial condominium via the Balmor Center Commercial Condominium Association. Potential buyers should be prepared to provide proof of financial capability.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boerne
- County
- Kendall
- State
- Texas
- Longitude
- -98.6981
- Latitude
- 29.7478
