Description
Marketing description
CBRE South Texas Investment Properties is pleased to offer 1201 Plaza, a 19,659 square foot, 100% leased commercial center located in the heart of Boerne, TX along South Main Street (the “Property”). The Property offers investors a stable cash flowing asset that has a diverse mix of medical, wellness, professional, and service tenants with built in annual rent escalations. 1201 Plaza has ample parking (80 spaces) with a fully concrete parking lot.
Following a complete renovation, the property is in excellent physical condition. Key upgrades include a new roof, façade, and signage, along with redesigned landscaping. Additionally, 19 of 20 HVAC units have been recently replaced. With all major capital items addressed, the center is positioned for low maintenance ownership and predictable cash flow.
Investment highlights
IRREPLACEABLE MAIN STREET LOCATION IN AFFLUENT, HIGH-BARRIER HILL COUNTRY MARKET
Situated directly on South Main Street, the primary commercial corridor in Boerne, the Property benefits from exceptional visibility and exposure to approximately 24,000 vehicles per day. Within a 5 mile radius of the Property, the annual population growth rate was 4.9% from 2020-2025. Average Household Incomes within a 10 mile radius of 1201 Plaza are $157,000.
100% LEASED, STABILIZED CASH FLOW WITH NNN LEASES & ANNUAL RENT BUMPS
1201 Plaza is fully leased with little near term downtime or lease up risk. Investors benefit from immediate, predictable income backed by an operating history reflective of stabilized performance rather than transitional execution.
STABLE RENT ROLL WITH STAGGERED LEASE ROLLOVER
The rent roll features a WALT approximately 3.5 years, providing meaningful income visibility. This balanced lease structure limits rollover risk while maintaining long term stability with a mix of medical, wellness, professional, and neighborhood service tenants.
RECENT PROPERTY IMPROVEMENTS
Ownership completed significant property upgrades in the last 4 years, including a new roof, façade, plumbing and electrical upgrades, lighting, and tenant improvements. With key capital items addressed, the Property is positioned for low CapEx requirements and consistent cash flow.
Details
| MLS # | 1201SMainStreet |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 48 |
| Listing Provided By | Coldwell Banker D'Ann Harper, | Brent Holmes |
Features
| SQ Feet | 19,659 |
|---|---|
| Acreage | 1.50 |
Area Information
| State | TX |
|---|---|
| City | Boerne |
| Zip Code | 78006 |
| Listing VS Median (in 78006) | |
sqft: 19,659 low | high Med: 4,487 On site: 48 low | high Med: 50 | |
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Learn More About This Property
| State | TX |
|---|---|
| City | Boerne |
| Zip Code | 78006 |
| Listing VS Median (in 78006) | |
sqft: 19,659 low | high Med: 4,487 On site: 48 low | high Med: 50 | |