2-Tenant Strip | Panera Bread & America’s Best

  • $4,966,315

Overview

  • Whataburger
    Tenant(s)
  • $4,966,315
    Price
  • 5.70%
    CAP Rate
  • $283,080
    Net Operating Income (NOI)
  • (15 Year) & (10 Year)
    Lease Term
  • Panera Bread (8% Every 5 Years) & America's Best (10% Every 5 Years)
    Increases
  • Aug 2025
    Rent Commencement
  • NNN
    Lease Type
  • 2036
    Lease Expiration
  • Panera Bread (3 - 5 Yr Options) & America's Best (2 - 5 Yr Options)
    Options
  • 5,600
    Building Size (SF)
  • 2026
    Year Built
  • 1.08
    Land Size (AC)
  • Corporate
    Guaranty
  • Roof & Structure
    Landlord Responsibilities

Description

STONECLIFF is pleased to present the exclusive listing for a two tenant strip featuring Panera Bread and America’s Best Vision located at 438 Singing Oaks, Spring Branch, TX 79070. The site consists of roughly 5,600 square feet of retail space on an estimated 1.08-acre parcel of land. The Panera Bread is subject to a 15-year Triple Net (NNN) Lease with 15 years Remaining. The annual rent is $167,880 with scheduled 8% rental increase Every Five Years in Primary Term and Option Periods. The America’s Best Vision is subject to a 10-year Triple Net (NNN) Lease with 10 years Remaining. The annual rent is $115,200 with scheduled 10% rental increase Every 5 Years in Primary Term and Option Periods.

    • Strategically positioned in the thriving Bulverde/Singing Oaks corridor, this development parcel offers significant upside in one of North Central Texas’s most dynamic growth markets. Bulverde, known as the “Front Porch of the Texas Hill Country,” is a rapidly expanding community located just 22 miles north of Downtown San Antonio and 19 miles west of New Braunfels, providing direct access to one of the state’s largest employment and residential catchments.
    • The property benefits from excellent regional connectivity at the crossroads of U.S. Highway 281 and State Highway 46, major arterials that link Bulverde to San Antonio, Boerne, and other San Antonio-area hubs, creating strong traffic patterns and visibility for commercial and mixed-use opportunities.
    • This location is uniquely situated within the Singing Hills master-planned development, a 250-acre mixed-use project anchored by key retail and service tenants. Retail momentum is already underway as well as outparcels supporting national-brand anchors such as Academy Sports + Outdoors, enhancing the site’s draw and consumer demand potential.
    • Bulverde’s local market boasts a strong, affluent demographic profile complemented by a solid housing and rental backdrop, underscoring continued residential growth that supports future retail, service, and hospitality uses.

Property Documents

Panera Bread America's Best

Contact Information

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