Tenant Investment Property w/ 13% Cap Rate!! Fabulous Turnkey Commercial Kitchen!!

348 Alves Lane, New Braunfels, TX

$650,000

Price

2,775 sqft

Building Size

0.27 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
2,775 sqft
Lot Area
0.27 acres
Occupancy
100%
Units
1
Year Built
1985
Floors
1
Parking Spots
8
Description

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.



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.



This property is located a half mile from the popular Town Center at Creekside in New Braunfels, Texas. There are many opportunities for this great property including catering, take out food service, ghost kitchen rental and more. Includes a large fully equipped commercial kitchen, small office, two storage buildings, covered patio, commercial smoker, 30 and 50 amp RV/Food Truck hookups, catering van and living quarters. Option to buy a super nice fully equipped / self contained food truck. New Braunfels is one of the top 10 fastest-growing cities in the country making it an excellent place to start or expand a business.

Electric

Anitas Acres, Lot 3A

500 gallon propane tank

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
Documents
Location
Gallery