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
- Approx. 9 Years Remaining on Absolute NNN Lease with 10% Rental Increases Every 5 Years in Primary Term and (4) 5-Year Options.
- Strong State Highway Location with 48,000+ VPD
- Affluent Austin Suburb w/ Average HH Incomes Exceeding $158,000 in 3-Mile Radius
- Lake Travis Community – Features Top Ranked School Systems and Several Massive Luxury Residential Developments
- 7-Eleven Is the Largest Convenience Store Chain in the World With 86,000 Stores
- Spicewood, TX | 20 Miles from Downtown Austin | Population: 12,416+