Property Details for 1145 Ih-35

Year built

1985

Lot size

0.41 lot acres

Property size

2,420 SF

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,420-square-foot Popeyes restaurant situated on a 0.41-acre lot in New Braunfels, Texas. The property boasts a highly desirable location on the IH-35 corridor, shadow-anchored by a Walmart, ensuring consistent traffic and visibility. Currently operating under an absolute NNN lease with a franchisee tenant, this property offers zero landlord responsibilities. The lease has a remaining term of 2.1 years, expiring December 31, 2026. The building, constructed in 1985 and recently renovated, features 19 parking spaces and is zoned C-3, Commercial Business District. The property's strong financial performance is reflected in its 4.50% cap rate and a current NOI of $66,482. The asking price is $1,477,375. This single-story building enjoys 100% occupancy and benefits from its location in one of Texas's fastest-growing cities, projected to experience a 30% population increase within the next decade. The high-traffic IH-35 corridor boasts over 145,621 vehicles per day. The current lease rate is below market, presenting significant rental upside potential for the future owner. This is an irreplaceable location with exceptional long-term growth prospects.

Location Insight

City

New Braunfels

County

Comal

State

Texas

Longitude

-98.1273

Latitude

29.6851