486 Singing Oaks, Spring Branch, TX 78070

Property Details for 486 Singing Oaks

Year built

2024

Lot size

0.90 lot acres

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a brand-new, 6,889-square-foot Advance Auto Parts store located at 486 Singing Oaks, Bulverde, TX 78070. The property sits on a 0.9-acre lot and boasts a prominent highway location on Highway 281, experiencing high daily traffic volume (12,000+ vehicles per day). Its strategic position near the intersection of SH 46, a key connector for major interstates I-35, I-10, and U.S. 87, ensures significant visibility and accessibility. The property 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 area also offers proximity to popular tourist destinations including Canyon Lake, Guadalupe River, Guadalupe State Park, and Landa Park, further enhancing its appeal. This single-tenant, absolute NNN net lease features a corporate guarantee from Advance Auto Parts, one of the nation's largest auto parts retailers, with over $16 billion in annual revenue and 4,776 stores. The lease commenced November 1, 2024, and has a remaining term of 14.9 years, extending to November 1, 2039. The lease includes a 5% rent increase in year 10 and every 5 years thereafter during option periods. The property's strong tenant, long lease term, and built-in rent escalations contribute to a compelling 5.80% cap rate and a net operating income (NOI) of $207,610. The asking price is $3,579,482, translating to $519.59 per square foot. This investment offers a secure, high-yield opportunity within a rapidly growing area of the San Antonio MSA, boasting a metro population exceeding 2.7 million.

Location Insight

City

Spring Branch

County

Comal

State

Texas

Longitude

-98.4186

Latitude

29.8062