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17319 I-35 N, Schertz, TX 17323 I-35 N, Schertz, TX 17327 I-35 N, Schertz, TX 17331 I-35 N, Schertz, TX
Tri County Crossing
Asset ClassRetail
% Leased100%
Square Feet: 57,390Land: 5.99 AcresParking Ratio: 7.74%Access Data Room
100% Leased Retail Center - IH-35 Frontage
overview of deal

Overview

Cushman & Wakefield’s Private Capital Group is pleased to present the unique opportunity to acquire the fee simple interest in Tri County Crossing, a fully leased 57,390 square foot retail development that enjoys prime visibility along IH 35 N in Schertz’s thriving Northeast submarket. Built in 2003-2005, the center features a diversified tenant mix with staggered lease expirations and built-in rent increases, delivering predictable income and long-term stability for investors. With multiple legacy tenants in place and many other long-term tenants, the property demonstrates both the desirability of the center and the strength of its location.

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Investment Highlights

  • The center was developed and has been managed by a family owned company with a pride of ownership in the asset, resulting in a meticulously maintained property
  • 48% of tenancy has been in the center 10 years or longer and 38% has been in the center 19 years or longer, highlighting the desirability of the center
  • The property delivers reliable cash flow with minimal risk driven by high occupancy, staggered expirations, built-in rent increases and NNN lease structure
  • With a weighted average lease term of 3.3 years, the property offers near-term income stability and cash flow certainty
  • With average rents currently at 20% below market, the property presents considerable growth opportunity
  • Positioned in the thriving Northeast submarket, the center enjoys premier exposure along IH 35 N, where daily traffic surpasses 146,000 vehicles
  • Schertz is on a strong upward trajectory, marked by more than 30% population growth over the past decade alongside expanding economic activity
  • The immediate trade area is a dominant and robust retail hub, featuring major anchors including HEB Plus, Walmart Supercenter, EVO Entertainment, Lowes and Home Depot (under construction)
  • The location serves as a powerhouse retail hub with broad regional reach supported by surrounding communities including Cibolo, Selma, Universal City, Garden Ridge and Bracken

Property Description

Description
Year Built
2003 & 2005
Net Rentable Area
57,390 SF
Land Area
5.99 Acres
Parking
7.74:1,000 NRSF
Tenant Count
28
Occupancy
100%
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17319 I-35 NSchertz, TX 78154

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Listing provided by Revere CRE