1711-A U.S. 290
Dripping Springs, TX
Price:
$5,206,000
Cap Rate:
4.40%
NOI:
$229,068
Building Size:
Approx. 4,500 Sq. Ft.
Lot Size:
Approx. 2.12 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2021
Investment Overview
- 2021 Construction. 4,500+/- SF Building on 2.12+/- Acre Site
- Brand New 15 Yr Corporate Absolute NNN Lease w/ 10% Rent Bumps in Yr 11
- Located at the Signalized Intersection of W Hwy 290 & Meadow Oaks Drive (26.5K VPD)
- Near Tractor Supply Co., Walgreens, The Home Depot, H-E-B, Subway, Pizza Hut
- Dripping Springs is Growing at the Rapid Rate of 13.27% Annually
- Strong Income Demos with $127,624 within a 5-mile Radius
- Dripping Springs | 20 Miles From Austin | “Wedding Capital of Texas”