30875 I-10 Boerne, TX 78006

Property Details for 30875 I-10

Year built

1992

Lot size

0.67 lot acres

Property size

15,000 SF

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.

Location Insight

City

Boerne

County

Kendall

State

Texas

Longitude

-98.6981

Latitude

29.7478