E Hwy 290 & Nutty Brown Road, Texas
Price:
$6,713,000
Cap Rate:
4.50%
NOI:
$302,091
Building Size:
Approx. 4,500 Sq. Ft.
Lot Size:
Approx. 1.03 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2021
Investment Overview
- 2021 Construction. 4,500+/- SF Building on 1.03+/- Acre Site
- Brand New 15-Year Corporate Absolute NNN Lease w/ 10% Rent Bumps
- Excellent Location at Corner of Highway 290 & Nutty Brown Rd (70K VPD)
- Near IHOP, Chick-Fil-A, Dunkin’, Burger King, CVS, Jersey Mike’s Subs, Ace Hardware
- Strong Income Demos with $160,101 within a 1-mile Radius
- Austin was Named the No. 1 Place to Live in America by Forbes 3 Years in a Row
- Austin | 11th Most Populous City in U.S. | Population: 964K+