27650 I-10, Boerne, TX 78015

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.