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8691 Fm 2673Canyon Lake, TX 78133

High-yield retail investment, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Canyon Lake, TX, shopping center presents a compelling value-add investment opportunity. The 5,290 square foot, single-story building sits on a 3-acre lot and boasts 100% occupancy with a strong, stable tenant base featuring staggered leases and below-market rents. Built in 1997 and renovated in 2018 (roof replacement and building paint), the property offers immediate cash flow with significant upside potential. The 8.87% cap rate reflects the current strong performance, while the additional 3 acres behind the shopping center provide further development opportunities. The property is zoned commercial and located in a high-growth area, experiencing a 15.15% projected population increase between 2023 and 2028, and benefits from a low submarket vacancy rate of 2%. The existing laundromat tenant is expected to renew their lease. This turnkey investment is ideal for those seeking a stable, high-yielding retail property with substantial future growth prospects. Detailed financial information and development plans are available upon request. The address is 8691 FM 2673, Canyon Lake, TX 78133.

Highlights

  • 100% Occupancy with staggered lease expirations and below-market rents.
  • Includes 3 acres of land behind the center, valued at $2.50/SF.
  • Significant development potential on the adjacent 3 acres (see offering memorandum).
  • Strong population growth projected at 15.15% (2023-2028).
  • Low submarket vacancy rate (2%) with stable tenants.
  • Laundromat tenant expected to renew lease (contact broker for details).

Property Details for 8691 Fm 2673

Property type
Lifestyle centers, Power centers
Square Feet
5,290 SF
Year Built/Renovated
1997/2018
Buildings
1
Stories
1
Lot Size (sq. ft)
130,680 SF

Location Insight

City
Canyon Lake
County
Comal
State
Texas
Latitude
29.84603399
Longitude
-98.27661655
8691 Fm 2673, Canyon Lake, Texas

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8691 Fm 2673
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