KW Net Lease Advisors is pleased to present an AutoZone property in New Braunfels, Texas with 11+ years remaining on a NN (Roof and Structure) Lease. The lease was extended early due to strong store sales and calls for a 10% rent increase in the 6th year of the primary term. The subject property consists of a +/- 5,400 sf concrete block building on 0.62 acres, and is a hard-corner pad to the Walnut Square shopping center anchored by At Home and Dollar Tree. The site is also located directly across from a fully-occupied grocery anchored shopping center.
The subject property is located at the hard corner of Walnut Ave (+/- 20,000 VPD) and Elliot Knox Blvd (+/- 16,000 VPD), one block north of Interstate 35 (+/- 128,000 VPD) in the booming Austin-San Antonio MSA suburb of New Braunfels. New Braunfels is located along Interstate 35 between Austin and San Antonio, and has a population of 71,889 as of 2015, which is projected to grow to 83,274 (16%) by 2020. Additionally, this site has a 3-mile population of more than 54,000 with an average household income in the same radius of $73,618. The site is adjacent to two large shopping centers that are both fully occupied.
See all of KW Net Lease Advisors available properties including this AutoZone located in New Braunfels, TX.
