Property Name

Walnut Square

Price
$
6,873,000
NOI
$
470,854
Occupancy
100
%
Cap Rate
6.85
%
GLA
17,471 SF
Lease Type
NNN
Year Built
1974, renovated 2023
Description

Walnut Square is a 17,471 square foot retail center located across Walnut Avenue from H-E-B Grocery in the affluent submarket of New Braunfels, Texas. Situated just off I-35, the Property is approximately 30 minutes north of downtown San Antonio and one hour south of Austin. Situated on +/- 2.527 acres, Walnut Square is 100% leased to a complementary tenant lineup which includes Marshall Reddick Real Estate, Phenix Salon Suites, U.S. Nails & Spa and Quality Urgent Care. The Property features an average base lease expiration of October 2031. Walnut Square benefits from strong fundamentals including partial masonry construction, shallow bay depth, and parallel positioning to Walnut Avenue. The average household income exceeds $152,700, $137,900 & $129,700 in a one, three and five mile radius, respectively. Nearby national retailers include H-E-B, Swig, Starbucks, Chickfil- a, Chase Bank, Walmart Supercenter, McDonald’s, Panda Express, Wingstop, Lowe’s and Pet Smart, among numerous others.