9955 Braun RdHelotes, TX 78023

Property Details for 9955 Braun Rd

Year built

2024

Lot size

3.80 AC

Property size (Sq ft)

34,000 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a brand-new, 34,000-square-foot LA Fitness center in Helotes, Texas. The property boasts a strong 15-year net lease (NN+) with a prominent national tenant, ensuring consistent cash flow. The lease includes attractive 10% rent bumps every five years, providing significant long-term growth potential. Located at 9955 Braun Rd, Building B, 78023, this single-tenant building sits on a 3.8-acre lot with ample parking (253 spaces). The property benefits from its strategic location along heavily trafficked Braun Road (22,502 vehicles per day), near the Braun Road Loop 1604/Braun Road exit, providing excellent visibility and accessibility. Built in 2024 (estimated completion late Q4 2024), the property offers a modern facility in a rapidly growing residential area. The surrounding demographics are exceptional, with an average household income exceeding $111,000 within a 1-mile radius and over 130,000 households within a 3-mile radius, exhibiting strong year-over-year growth. The asking price is $10,608,000, representing a compelling 6.25% cap rate and a price per square foot of $312. The property's Net Operating Income (NOI) is $663,000. The lease includes three, 5-year options, further securing the investment's long-term value. This is a rare opportunity to acquire a high-quality, net-leased property with a strong tenant and significant upside potential.

Location Insight

City

Helotes

County

Bexar

State

Texas

Latitude

29.5379

Longitude

-98.6863

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