9955 Braun Rd Helotes, TX 78023
- Retail properties
- 34,000 SF
- 3.80 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9955 Braun Rd
- Year built
- 2024
- Lot size
- 3.80 lot acres
- Property size
- 34,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 34,000-square-foot LA Fitness center in Helotes, Texas. The property boasts a strong 15-year net lease (NN+) with a prominent national tenant, ensuring consistent cash flow. The lease includes attractive 10% rent bumps every five years, providing significant long-term growth potential. Located at 9955 Braun Rd, Building B, 78023, this single-tenant building sits on a 3.8-acre lot with ample parking (253 spaces). The property benefits from its strategic location along heavily trafficked Braun Road (22,502 vehicles per day), near the Braun Road Loop 1604/Braun Road exit, providing excellent visibility and accessibility. Built in 2024 (estimated completion late Q4 2024), the property offers a modern facility in a rapidly growing residential area. The surrounding demographics are exceptional, with an average household income exceeding $111,000 within a 1-mile radius and over 130,000 households within a 3-mile radius, exhibiting strong year-over-year growth. The asking price is $10,608,000, representing a compelling 6.25% cap rate and a price per square foot of $312. The property's Net Operating Income (NOI) is $663,000. The lease includes three, 5-year options, further securing the investment's long-term value. This is a rare opportunity to acquire a high-quality, net-leased property with a strong tenant and significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Helotes
- County
- Bexar
- State
- Texas
- Longitude
- -98.6863
- Latitude
- 29.5379
