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Napa Oaks 27650 Interstate 10 W 47,241 SF 96% Leased Retail Building Boerne, TX 78006 For Sale
Investment Highlights
- Positioned In Highly Trafficked Retail Corridor Along I-10 (88,000+ VPD)
- Majority Of Tenants Include Annual Rent Growth
- Boerne Has Experienced Over 35% Population Growth Since 2020
Executive Summary
DuWest Realty Investment Services is pleased to present for sale Napa Oaks ("The Property") located at 27650 IH 10 in Boerne, TX. This offering presents a rare opportunity to acquire a newly constructed, unanchored multi-tenant neighborhood retail center in one of the most dynamic submarkets within the greater San Antonio MSA. Because of the limited supply, the submarket is tight with occupancy reaching nearly 100% along IH 10. Delivered in 2022, the property is 96% leased with a healthy 5.8-year weighted average lease term and features a diverse mix of restaurant, fitness, medical, and daily-needs tenants that drive consistent traffic to the center and resilient cash flow. There is good synergy with 2nd floor tenants and below market rent levels on the first floor. The property also includes 10 EV charging stations as an amenity to tenants and customers.
The property is strategically positioned along Interstate 10, a highly trafficked corridor with over 88,000 vehicles per day (up from ~61,000 VPD in 2021) serving as a critical connection between San Antonio and the broader Texas Hill Country. This premier highway exposure supports both destination-oriented and convenience retail uses, reinforcing long-term leasing momentum. Continued state and local investment in transportation infrastructure, including ongoing I-10 improvements, further strengthens accessibility and future growth prospects.
Located in Boerne, a thriving San Antonio submarket, the center benefits from exceptional demographics highlighted by an average household income exceeding $180,000 and average home values of approximately $530,000. Boerne has experienced population growth of more than 35% since 2020, driven in part by commuters who value the area’s quality of life while maintaining access to San Antonio’s employment base. Institutional investment activity in nearby retail assets underscores investor confidence in the market’s fundamentals. Additionally, Boerne’s stringent entitlement process and development constraints create significant barriers to entry, limiting future retail supply and enhancing the long-term competitiveness and value of welllocated, stabilized assets such as this property.
With a stable tenant roster, long terms leases, and exceptional co-tenancy and traffic drivers, Napa Oaks represents an attractive opportunity for investors seeking durable, long-term income in a healthy retail corridor.
The property is strategically positioned along Interstate 10, a highly trafficked corridor with over 88,000 vehicles per day (up from ~61,000 VPD in 2021) serving as a critical connection between San Antonio and the broader Texas Hill Country. This premier highway exposure supports both destination-oriented and convenience retail uses, reinforcing long-term leasing momentum. Continued state and local investment in transportation infrastructure, including ongoing I-10 improvements, further strengthens accessibility and future growth prospects.
Located in Boerne, a thriving San Antonio submarket, the center benefits from exceptional demographics highlighted by an average household income exceeding $180,000 and average home values of approximately $530,000. Boerne has experienced population growth of more than 35% since 2020, driven in part by commuters who value the area’s quality of life while maintaining access to San Antonio’s employment base. Institutional investment activity in nearby retail assets underscores investor confidence in the market’s fundamentals. Additionally, Boerne’s stringent entitlement process and development constraints create significant barriers to entry, limiting future retail supply and enhancing the long-term competitiveness and value of welllocated, stabilized assets such as this property.
With a stable tenant roster, long terms leases, and exceptional co-tenancy and traffic drivers, Napa Oaks represents an attractive opportunity for investors seeking durable, long-term income in a healthy retail corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
47,241 SF
Building Class
A
Year Built
2022
Percent Leased
96%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.21
Lot Size
5.14 AC
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 205
- 2,000 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 205 | 2,000 SF | Office/Retail | - | Now |
205
| Size |
| 2,000 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Nearby Major Retailers
Property Taxes
| Parcel Number | 04709-892-0050 | Improvements Assessment | $25,614,065 CAD |
| Land Assessment | $2,506,262 CAD | Total Assessment | $28,120,327 CAD |
Property Taxes
Parcel Number
04709-892-0050
Land Assessment
$2,506,262 CAD
Improvements Assessment
$25,614,065 CAD
Total Assessment
$28,120,327 CAD
Contacts
-
Will Walters -
Bill Pyle -
Alex Speed Throckmorton -
Matthew Banas -
Josie Trent -
Griffin Till -
DuWest Realty
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Napa Oaks | 27650 Interstate 10 W
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