486 Singing Oaks Spring Branch, TX 78070

Property Details for 486 Singing Oaks

Year built

2024

Lot size

0.90 lot acres

Property size

6,889 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a brand-new, 6,889-square-foot Advance Auto Parts store, constructed in 2024, situated on a 0.9-acre lot at 486 Singing Oaks, Bulverde, TX 78070. The property boasts a highly visible location on Highway 281, a major thoroughfare with over 12,000 vehicles per day, and enjoys proximity to SH 46 (11,400+ VPD), providing excellent access to I-35, I-10, and U.S. 87. This strategically positioned retail asset benefits from its location within a thriving retail corridor, anchored by a Walmart Supercenter and surrounded by other major retailers such as Planet Fitness and Starbucks. The property is also conveniently located near popular tourist destinations including Canyon Lake, the Guadalupe River, Guadalupe State Park, and Landa Park, further enhancing its appeal. The absolute NNN lease with Advance Auto Parts, one of the nation's largest auto parts retailers, features a 15-year term commencing November 1, 2024, and expiring November 1, 2039. The lease includes a corporate guarantee and a 5% rent increase in year 10, with subsequent 5% increases every five years during option periods. The property's strong tenant, long-term lease, and prime location in the San Antonio MSA (metro population exceeding 2.7 million) contribute to a compelling 5.65% cap rate and a net operating income (NOI) of $207,610. The asking price is $3,675,000, translating to a price per square foot of $533.46. This is a turnkey investment opportunity with significant potential for long-term growth and passive income.

Location Insight

City

Spring Branch

County

Comal

State

Texas

Longitude

-98.4186

Latitude

29.8062