414 Singing Oaks Spring Branch, TX 78070

Property Details for 414 Singing Oaks

Property type

Land

Property subtype

Apartment buildings

Description

This exceptional investment opportunity presents a newly constructed, 2,325 square foot Chipotle Mexican Grill located at 414 Singing Oaks, Spring Branch, TX 78070. The property is part of a larger, 225,000 square foot junior anchor project within the 250-acre Singing Hills master-planned community in rapidly growing Comal County. This thriving area boasts strong residential growth, with nearby communities including Johnson Ranch, Ventana, and The Preserve at Singing Hills. The site benefits from its strategic location at the intersection of US 281 and Highway 46, major thoroughfares with high daily traffic volumes (approximately 30,000 VPD and 27,000 VPD respectively). The property is anchored by a Walmart Supercenter and numerous other businesses, including Hampton Inn, Texas MedClinic, and various restaurants and retailers. Chipotle has a 15-year lease in place, with 10% base rent increases every five years and four five-year renewal options, each with a similar rent increase. Construction is slated for completion in June 2024, and offers are being accepted prior to completion. This presents a unique opportunity to acquire a strong, income-producing asset in a high-growth area. The property is a multifamily and land property, classified as commercial and apartment building. The lease term is five years.

Location Insight

City

Spring Branch

County

Comal

State

Texas

Longitude

-98.4187

Latitude

29.8037