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30914199
30897663

2168 Oak Run Pkwy, New Braunfels, TX 78132

TC
TX TX 703392
Cushman & Wakefield - Austin, Texas
CC
TX 415476
Cushman & Wakefield - San Antonio, Texas
Listed by Cushman & Wakefield - Austin, Texas, Cushman & Wakefield - San Antonio, Texas
Unpriced
85 days on market
Updated 63 days ago

Veramendi Retail Center

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 12,564
Cap Rate 7.25%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 31
Class A
Year Built 2023
Buildings 2
Stories 1
Acreage 0.713
Zoning DDCD - Neighborhood Center Planning Area
Investment Type Stabilized

Fully Leased Multi-Tenant Retail Center in New Braunfels, TX

Marketing description

Cushman & Wakefield’s Central Texas Private Capital Group is pleased to present to the market the Veramendi Retail Center, a 12,564 square foot, multi-tenant neighborhood retail center located at 2164 & 2168 Oak Run Parkway within the highly acclaimed Veramendi master-planned community in New Braunfels, Texas.

Delivered in 2023, the high-quality project is 100% leased to four complementary tenants well-suited for the surrounding neighborhood, providing a curated mix of educational, real estate, food & beverage, and community service uses. The offering features a 3.1-year weighted average lease term (WALT), delivering near-term income stability with staggered lease expirations that help mitigate rollover risk while preserving future mark-to-market flexibility.

This center serves as a mission-critical location for ASA Properties and Veramendi Development Company, functioning as a flagship commercial component within the Veramendi master-planned community. The broader 2,400-acre development is planned for approximately 6,000 dwelling units at full build-out and is less than halfway complete, with more than 10 years of projected development remaining—supporting sustained residential growth and long-term retail demand.

The property benefits from an irreplaceable, central location within the community and draws consistent traffic from adjacent and nearby schools, including The Goddard School of New Braunfels, Veramendi Elementary School (950 students), New Braunfels High School (2,000 students), and Oak Run Middle School (960 students), all located within close proximity.

The Veramendi Retail Center offers investors the opportunity to acquire a newly constructed, fully leased neighborhood retail center positioned at the heart of one of the region’s most dynamic and long-term growth corridors.

Investment highlights

  • Fully Leased Multi-Tenant Retail Center

  • High Quality Construction Built in 2023

  • Irreplaceable Location Within The Veramendi Neighborhood

  • Fully Leased to Complementary Tenant Mix | Mission Critical Location For ASA Properties & Veramendi Development Co.

  • Near Term Stability With 3.1 Year WALT & Staggered Rollover Schedules

  • Exceptional Demographics with $122,000 Avg. HH Incomes within 5 mile Radius

Listing Contacts

TC
TX TX 703392
Cushman & Wakefield - Austin, Texas
CC
TX 415476
Cushman & Wakefield - San Antonio, Texas
Listed by Cushman & Wakefield - Austin, Texas, Cushman & Wakefield - San Antonio, Texas

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Additional Information

Name
Travis Crow
License
TX 703392
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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