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

348 Alves Lane, New Braunfels, TX 78130

  • For Sale $650,000
  • 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

Contacts

broker

Rex Blackburn

Keller Williams Heritage

(210) 823-3721

Location

Getting Around

  • Walk Score ®

    11/100 Car-Dependent
  • Bike Score ®

    27/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

Frequently Asked Questions

What is the lease rate for Tenant Investment Opportunity w/ 13.29% Cap Rate - Turnkety Commercial Kitchen?

Rental asking rate at Tenant Investment Opportunity w/ 13.29% Cap Rate - Turnkety Commercial Kitchen is $325,000.00/YR.

What is the total square footage of Tenant Investment Opportunity w/ 13.29% Cap Rate - Turnkety Commercial Kitchen?

Tenant Investment Opportunity w/ 13.29% Cap Rate - Turnkety Commercial Kitchen totals 2,775 square feet.

When was this property built?

Tenant Investment Opportunity w/ 13.29% Cap Rate - Turnkety Commercial Kitchen was built in 1985.

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Contact Listing Broker

broker

Rex Blackburn

Keller Williams Heritage

(210) 823-3721