18201 State Highway 71
Spicewood, TX
Price:
$7,805,000
Cap Rate:
5.00%
NOI:
$390,262
Building Size:
Approx. 3,145 Sq. Ft.
Lot Size:
Approx. 1.72 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2020
Investment Overview
- 2020 Construction. 3,145+/- SF Building On 1.72+/- Acre Site
- 10-Year Absolute NNN Lease With 10% Rental Increases Every 5 Years In Both The Primary Term And Renewal Options
- Highway Frontage Location On State Highway 71 (48,000+ VPD)
- Affluent Austin Suburb With 1-, 3-, And 5-Mile Average Household Incomes Exceeding $135K
- Lake Travis Community Features Top-Ranked School Systems And Several Luxury Residential Developments
- 7-Eleven Is The World’s Largest Convenience Store Chain With 85,000+ Locations Globally
- Spicewood, TX | Outer Austin Suburb | Population: 15,618+