1315 W University Ave
Georgetown, TX 78628
Price:
$8,239,000
Cap Rate:
4.00%
NOI:
$329,570
Building Size:
Approx. 4,500 Sq. Ft.
Lot Size:
Approx. 1.26 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2020
Investment Overview
- 2020 Construction. 4,500+/- SF Building on 1.26+/- Acre Site
- New 15 Yr Corporate Abs. NNN Lease w/ 10% Rent Increases Starting in Yr 11
- Strategically Located Along TX-29 (University Ave), Just West of I-35
- 7-Eleven has Never Defaulted on a Lease in the History of Tenant Operations
- Subject Property Located Immediately Next to Wolf Ranch Town Center (627K SF)
- Strong Income Demos w/ an est. $135,969 within a 1-Mile Radius
- Georgetown | 28 Miles from Downtown Austin | Population: 63,000+