The highway runs through the town as Teel Drive, where it intersects SH 173 and begins an overlap with FM 463. The concurrency with FM 463 ends just northeast of Medina County Road 772. SH 132 enters the town of Natalia where it has a short overlap with FM 471; in Natalia, the highway is known as 2nd Street.
The highway runs through the town, designated as Teel Drive, intersecting SH 173 and beginning an overlap with FM 463. This overlap ends just northeast of Medina County Road 772.  SH 132 enters Natalia, where it briefly overlaps with FM 471; in Natalia, the highway is known as 2nd Street.