2688 Loop 337 New Braunfels, TX 78132

This exceptional investment opportunity presents a brand-new, 6,889-square-foot Advanced Auto Parts store in New Braunfels, Texas. Located on Loop 337, a high-traffic thoroughfare connecting to I-35, this property boasts exceptional visibility and accessibility. The 15-year absolute NNN lease, commencing November 1, 2024, and expiring November 1, 2039, includes a corporate guarantee from Advanced Auto Parts, one of the nation's largest auto parts retailers, generating over $16 billion in annual revenue. The lease features built-in rent increases: a 10% bump in year 10 and an additional 10% every five years thereafter during three 5-year renewal options. The property sits on a one-acre lot and is part of a thriving commercial and residential area, conveniently located near an H-E-B, New Braunfels High School, Landa Park Golf Course, and Schlitterbahn Waterpark. With a 5.65% cap rate and a net operating income (NOI) of $229,933, this property offers a compelling return on investment. The asking price is $4,069,000, translating to $590.65 per square foot. Built in 2024, this property represents a secure and lucrative addition to any portfolio. The property's prime location and strong tenant ensure a stable and appreciating asset.