Tenant Investment Opportunity w/ 13.29% Cap Rate - Turnkety Commercial Kitchen

For Sale

348 Alves Lane, New Braunfels, TX 78130

This New Braunfels property for sale is located at 348 Alves Lane. The current listed sale price for Tenant Investment Opportunity w/ 13.29% Cap Rate - Turnkety Commercial Kitchen is $650,000. Tenant Investment Opportunity w/ 13.29% Cap Rate - Turnkety Commercial Kitchen is situated on a lot that is 0.27 acre in size.

Contacts

broker

Rex Blackburn

Keller Williams Heritage

(210) 823-3721

Property Details

  • Property Type Retail - Freestanding
  • Property Size 2,775 SF
  • Units 1
  • Lot Size 0.27 Acre
  • Parking Spaces Avail. 8
  • Year Built 1985
  • Year Renovated 2020
  • Date Updated Feb 21, 2024
Located a 1/2 mile from Creekside Shopping Center on Alves Lane. From San Antonio: Head north on I-35 and take exit 191 to FM Rd 306. From San Marcos: Head south on I-35 and take exit 191 to FM Rd 306.Excellent Investment Opportunity! This property includes an incredible turnkey commercial catering kitchen fully equipped with everything a Chef could want and more. Exit the kitchen into a formal tasting room with 2 office spaces, an employee lounge, laundry room and full bath with shower that could be considered a 2 bedroom apartment. There are also two storage buildings, commercial smoker and a 30 and 50 amp RV/Food Truck hookups. It has operated as a catering kitchen for over 30 years and is currently being 100% leased by a catering company. It is located just a half mile from the popular Town Center at Creekside in New Braunfels, Texas. There are multiple opportunities for this property making it a great tenant investment. Current tenant has almost 2 years remaining on lease, generating an incredible 13.29% cap rate for the owner. It can be used for a catering prep kitchen, take out food service, commissary and ghost kitchen rental just to name a few. New Braunfels is one of the top 10 fastest-growing cities in the country making it a prime location. Call Angie @ 830-837-9243 to schedule showing.

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Highlights

  • Chef's Dream Catering Kitchen
  • 13.29% Cap Rate
  • Currently 100% leased to a Catering Company.
  • High traffic frontage located within an 1/2 mile of Creekside Shopping Center
  • All equipment will convey with the sale.
  • Owner Financing Available w/ low 5.5% Interest Rate

Getting around

  • 11/100

    Walk Score ®

  • 27/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City New Braunfels, TX
  • Neighborhood Canyon Heights
  • Zip Code 78130
  • Market San Antonio

Points of Interest

  • Landa Park Railroad Depot

    3.86 miles

  • Shell

    1.40 miles

  • Shell

    1.43 miles

  • Texaco

    1.50 miles

  • Buc-ee's

    1.60 miles

  • Exxon

    1.77 miles

  • H-E-B Fuel

    1.86 miles

  • Valero

    2.16 miles

  • Valero

    2.60 miles

  • QuikTrip

    2.89 miles

  • Shell

    3.09 miles

  • Screen 3

    2.07 miles

  • Screen 2

    2.08 miles

  • Screen 1

    2.19 miles

  • The Oyster Bar

    3.15 miles

  • burnt bean co.

    0.76 miles

  • Freiheit Country Store

    0.83 miles

  • Logan's Roadhouse

    1.21 miles

  • Olive Garden

    1.24 miles

  • Denny's

    1.27 miles

  • Sonic

    1.28 miles

  • Dunkin' Donuts

    1.29 miles

  • Peter Piper Pizza

    1.30 miles

  • Taco Palenque

    1.34 miles

  • Chili's

    1.37 miles

  • Kohl's

    1.46 miles

  • TJ Maxx

    1.52 miles

  • Ross

    1.65 miles

  • JCPenney

    1.70 miles

  • Target

    1.83 miles

  • H-E-B plus!

    1.90 miles

  • Market Place

    1.98 miles

  • East Common Plaza

    2.10 miles

  • Common Market

    2.22 miles

  • Big Lots

    2.64 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Rex Blackburn

Keller Williams Heritage

(210) 823-3721