Investment Highlights
15-Year Absolute NNN Lease to Freddy?s
No Landlord Maintenance Obligations
Kerrville Expected to Triple in Size by 2050
Rare 2.00% Annual Rental Escalations
Signalized Hard Corner on Kerrville?s Busiest Street
2 Miles from Schreiner University - Approximately 1,300 Students
Executive Summary
The subject property is strategically located at a signalized hard corner with excellent access and visibility along Sidney Baker Street (21,565 AADT). The site benefits from robust demographics with a total daytime population of 38,963 and average household income of $85,857 within 5 miles of the site. The property benefits from a prominent retail location in close proximity to shopping centers and major retail tenants. Nearby shopping centers include Country Club Plaza, featuring Tractor Supply Company (276,100 visits per year, per Placer.ai), Spec?s, Dollar Tree, and Big Lots; River Hills Mall, anchored by Belk; and more. Major retail tenants in the surrounding are include Walmart Supercenter (2.6 million visits per year), Walgreens (359,900 visits), H-E-B (2.5 million visits), CVS (224,100 visits), Home Depot, and more. The site also neighbors Peterson Regional Medical Center, a 124-bed hospital and the city?s largest employer with a staff of 1,315. The property is located approximately 2 miles from Schreiner University, with a student body of 1,300 and staff of 660. Kerrville (population 24,752) is the seat of Kerr County, Texas approximately 65 miles northwest of San Antonio within Texas Hill Country. The city was home to the original location of H-E-B, one of Texas? largest grocery chains. Kerrville has historically been one of the wealthiest small towns in America, with a large population of young professionals and retirees. The city is located on the Guadalupe River and benefits from a broad economic base in business, agriculture, light manufacturing, health care, transportation, services, education, and tourism. Major tourist attractions in Kerrville include the Texas State Arts & Crafts Fair, the Kerrville Folk Festival, the Kerrville Renaissance Festival, and more.This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
