34702 Interstate Hwy 10 W Retail
  • Asking Price
    $3.8MAsking Price
  • Cap Rate
    5.70%Cap Rate
  • Price/SF
    $643.06Price/SF
  • Gross Leasable Area
    5,847 SFGross Leasable Area
  • Traffic Count
    49633Traffic Count
  • NOI
    $214KNOI

Description

Boerne Town Center - Building 2 is a 5,847 SF retail building for sale at 34702 Interstate Hwy 10 W in Boerne, TX. Its Interstate 10 frontage and 49,633 AADT traffic count put visibility at the center of the investment story.

Chicken Salad Chick and Red Wing Shoes occupy the building, which is 76% occupied with 1,400 SF on offer. The tenant mix pairs a restaurant with a footwear retailer rather than relying on a single retail format. The property sits on 1.16 acres within Boerne Town Center, where Chipotle, McAlister’s Deli and Club Pilates also operate. Sprouts Farmers Market is planned as the center’s anchor, with an estimated 2027 opening.

Within the Boerne submarket of the San Antonio MSA, the property fronts Interstate 10 at Christus Parkway. Dedicated ingress and egress via Christus Parkway and Norris Lane give customers routes into and out of the center, while the interstate frontage serves visibility to passing traffic. Downtown San Antonio is approximately 31 miles southeast. For a retail investor, the location connects the building’s tenants to both Boerne shoppers and traffic moving between Boerne and San Antonio.

The asking price is $3,760,000, or $643.06 PSF, with $214,322 in in-place NOI and a 5.70% in-place cap rate. Those figures establish the current income position; the 1,400 SF on offer gives a buyer a separate leasing priority. The leases are structured as Absolute Net, aligning the acquisition with a defined retail income stream while leaving room to address the unoccupied space. Review the Offering Memorandum for the investment opportunity.

Offering Summary

  • Asking Price
    $3,760,000
  • Price PSF
    $643.06
  • Price/Acre
    $3,243,313.20
  • Property Type
    Retail
  • Size
    5,847 SF
  • Available
    1,400 SF
  • Occupancy
    76%
  • Properties
    1
  • Total Acres
    ~1.16 ac

Sale Details

  • Cap Rate
    5.70%
  • NOI
    $214,322
  • In-Place Cap Rate
    5.70%
  • In-Place NOI
    $214,322
  • In-Place Rents
    214,322

Documents

Property Address

34702 Interstate Hwy 10 W
Boerne, TX 78006

Property Details

  • Property Type
    Retail
  • Occupancy
    76%
  • Operating Expenses ($/SF/yr)
    9.13 $/SF/yr
  • Lease Type
    Absolute Net
  • Gross Leasable Area
    5,847 SF
  • Available GLA
    1,400 SF
  • Traffic Count
    49,633 AADT
  • Acres
    1.16

Deal Team

Joe Caccamo profile image

Joe Caccamo

Partner
CP Partners