SRS Real Estate Partners completed the sale of Gruene Heights, a fully occupied, 25,767-square-foot multi-tenant retail center at 1050 to 1058 FM 306 in New Braunfels, Texas.
Built in 2024 and situated on 3.54 acres, the property includes seven tenants including Papa Johns, Garcia’s Mexican Food Restaurant, Chicken Salad Chick, and River Smiles Dentistry, among others.
SRS Capital Markets Managing Principal Cathy Nabours, Vice President Kyle Shaffer, and Senior Associate Sam Nichols represented the seller, a San Antonio-based developer. The buyer was a Houston-based private investor.
The property is just a three-minute drive to Historic Gruene. Located at the confluence of the Comal and Guadalupe Rivers, New Braunfels offers a unique tourist destination. In 2023, more than three million people visited New Braunfels, producing a $1.3 billion economic impact to the city.
