1145 Ih-35 New Braunfels, TX 78130
- Retail properties
- 2,420 SF
- 0.41 lot acres
Current Use by Public Records
- Isalis / Women'S Clothing Store / Jewelry Store
- Party City / Party Store / Balloon Store
- Skunk Funk / Clothing Store / Corporate Campus
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 1145 Ih-35
- Year built
- 1985
- Lot size
- 0.41 lot acres
- Property size
- 2,420 SF
- Property type
- Retail properties
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Braunfels
- County
- Comal
- State
- Texas
- Longitude
- -98.1273
- Latitude
- 29.6851
