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Shopping Strip

Bulverde Ranch Crossing

32357 US-281, Bulverde, TX 78163

Listing Price: $5,223,000

Cap Rate
5.65%
Gross SF
10,240
Rentable SF
10,240
Price/Gross SF
$510.06
Lot Size
1.47 acres
Year Built
2018

Investment Overview

Bulverde Ranch Crossing is a fully stabilized, 10,240-square-foot, multi-tenant retail center located in the San Antonio suburb of Bulverde, Texas. The center is 100 percent occupied, and all leases are triple-net. Tenants are a complementary mix of internet-resistant and service-oriented businesses, including Hill Country Wound Care, Airrosti Physical Therapy, Che Bella Nails & Spa, and The Library Cigar Lounge. The building is new (2018) construction situated on a 1.47-acre parcel, with attractive architecture featuring stone accents and metal awnings. The property includes its own water well and septic system. The subject property is well positioned on the corner of U.S. Highway 281 and Casey Road. Traffic counts in front of the property are approximately 32,463 vehicles per day. U.S. 281 is the major north-south thoroughfare running between Bulverde and San Antonio. The subject property is well positioned to serve a highly affluent community, with a one-mile average income of $158,474; $154,471 within three miles; and $154,642 within five miles. Additionally, a 1,547-acre master-planned community, Johnson Ranch, is directly across from the subject property in the northeastern quadrant of U.S. 281 and FM 1863. Johnson Ranch is currently under construction and will feature approximately 2,800 new homes, school campuses, retail development, nature trails and other amenities upon completion.

Investment Highlights

  • 10,240-Square-Foot, Multi-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Located in the Second Fastest-Growing County in the Nation (per U.S. Census Bureau) | 8.35% Population Growth Rate Between 2020 and 2021
  • Complementary Mix of Internet-Resistant, Service-Oriented Tenants
  • 59% of the Gross Leasable Area is Leased to Medical Tenants | All Leases have Personal Guarantees

Exclusively Listed By

Shopping Strip

Bulverde Ranch Crossing

Listing Price: $5,223,000

Cap Rate
5.65%
Gross SF
10,240
Rentable SF
10,240
Price/Gross SF
$510.06
Lot Size
1.47 acres
Year Built
2018

Investment Highlights

  • 10,240-Square-Foot, Multi-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Located in the Second Fastest-Growing County in the Nation (per U.S. Census Bureau) | 8.35% Population Growth Rate Between 2020 and 2021
  • Complementary Mix of Internet-Resistant, Service-Oriented Tenants
  • 59% of the Gross Leasable Area is Leased to Medical Tenants | All Leases have Personal Guarantees

Investment Overview

Bulverde Ranch Crossing is a fully stabilized, 10,240-square-foot, multi-tenant retail center located in the San Antonio suburb of Bulverde, Texas. The center is 100 percent occupied, and all leases are triple-net. Tenants are a complementary mix of internet-resistant and service-oriented businesses, including Hill Country Wound Care, Airrosti Physical Therapy, Che Bella Nails & Spa, and The Library Cigar Lounge. The building is new (2018) construction situated on a 1.47-acre parcel, with attractive architecture featuring stone accents and metal awnings. The property includes its own water well and septic system. The subject property is well positioned on the corner of U.S. Highway 281 and Casey Road. Traffic counts in front of the property are approximately 32,463 vehicles per day. U.S. 281 is the major north-south thoroughfare running between Bulverde and San Antonio. The subject property is well positioned to serve a highly affluent community, with a one-mile average income of $158,474; $154,471 within three miles; and $154,642 within five miles. Additionally, a 1,547-acre master-planned community, Johnson Ranch, is directly across from the subject property in the northeastern quadrant of U.S. 281 and FM 1863. Johnson Ranch is currently under construction and will feature approximately 2,800 new homes, school campuses, retail development, nature trails and other amenities upon completion.

Exclusively Listed By

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