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Single-Tenant Vacant-User

Iron Horse Bar & Grill

1030 I-35BL, New Braunfels, TX 78130

Listing Price: $1,157,125

Cap Rate
8.21%
Tenant Name
Iron Horse Grill
Gross SF
3,055
Guarantor
Personal Guarantee
Rentable SF
2,071
Price/Gross SF
$378.76
Lease Type
Absolute Net
Rent Per Square Feet
$45.87

Investment Overview

Marcus & Millichap is pleased to present the sale of Iron Horse Bar & Grill located in New Braunfels, Texas. The subject property will be a sale-leaseback that will be executed at the close of escrow and to end 15 years later. The lease is an absolute triple-net and will have 10 percent rental escalations every five-years. There will be no landlord responsibility whatsoever.

The property is located on Business IH-35 and sees over 12,000 vehicles per day. This is a very dense retail area and a major thoroughfare to downtown New Braunfels. Iron Horse Bar & Grill has been in operation for over 16 years and has received awards for being a locals favorite.

For 2022, Smart Asset ranked New Braunfels as the #4 Boomtown in the country, higher than any other city in Texas. It had the second-highest population (36.1 percent) and housing growth (40.86 percent) increases in the report between 2016 and 2021.

Investment Highlights

  • No Landlord Responsibility: Absolute NNN Lease to Commence at the Close of Escrow
  • 10% Rental Escalations Every Five Years
  • Retail-Dense Location and Heavy Traffic Flow on North Business IH-35, 12,000 +/- VPD
  • LOCATED IN NEW BRAUNFELS, SAN ANTONIO'S MSA; For 2022, Smart Asset ranked New Braunfels as the #4 Boomtown in the country, higher than any other city in Texas. It had the second-highest population (36.1%) and housing growth (40.86%) increases in the report between 2016 and 2021.
  • Over 16 Years of Operations
  • Popular Burger Joint that has Received Multiple Awards for the Best Burger in Town | Locals Favorite

Exclusively Listed By

Single-Tenant Vacant-User

Iron Horse Bar & Grill

Listing Price: $1,157,125

Cap Rate
8.21%
Tenant Name
Iron Horse Grill
Gross SF
3,055
Guarantor
Personal Guarantee
Rentable SF
2,071
Price/Gross SF
$378.76
Lease Type
Absolute Net
Rent Per Square Feet
$45.87

Investment Highlights

  • No Landlord Responsibility: Absolute NNN Lease to Commence at the Close of Escrow
  • 10% Rental Escalations Every Five Years
  • Retail-Dense Location and Heavy Traffic Flow on North Business IH-35, 12,000 +/- VPD
  • LOCATED IN NEW BRAUNFELS, SAN ANTONIO'S MSA; For 2022, Smart Asset ranked New Braunfels as the #4 Boomtown in the country, higher than any other city in Texas. It had the second-highest population (36.1%) and housing growth (40.86%) increases in the report between 2016 and 2021.
  • Over 16 Years of Operations
  • Popular Burger Joint that has Received Multiple Awards for the Best Burger in Town | Locals Favorite

Investment Overview

Marcus & Millichap is pleased to present the sale of Iron Horse Bar & Grill located in New Braunfels, Texas. The subject property will be a sale-leaseback that will be executed at the close of escrow and to end 15 years later. The lease is an absolute triple-net and will have 10 percent rental escalations every five-years. There will be no landlord responsibility whatsoever. The property is located on Business IH-35 and sees over 12,000 vehicles per day. This is a very dense retail area and a major thoroughfare to downtown New Braunfels. Iron Horse Bar & Grill has been in operation for over 16 years and has received awards for being a locals favorite. For 2022, Smart Asset ranked New Braunfels as the #4 Boomtown in the country, higher than any other city in Texas. It had the second-highest population (36.1 percent) and housing growth (40.86 percent) increases in the report between 2016 and 2021.

Exclusively Listed By

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