3300 U.S. 281
Marble Falls, TX
Price:
$2,693,000
Cap Rate:
6.50%
NOI:
$175,000
Building Size:
Approx. 17,500 Sq. Ft.
Lot Size:
Approx. 1.66 Acres
Type:
Single-Tenant / Retail
Sub Category:
Retailer
Year Built / Renovated:
2000 / 2019
Investment Overview
- 2019 Renovation. 17,500+/- SF Building on 1.66+/- Acre Site
- New 10-Yr Corporate Lease w/ 10% Rent Bumps Every 5-Yrs
- Located along US-281 (34K VPD), thoroughfare to Downtown
- Adjacent to Lowe’s | Near Walmart, Murphy USA, Discount Tires
- Across Johnson-Sewell Ford/Lincoln Dealership Sales & Service
- Located in Texas Hill Country & Gateway to Highland Lakes Area
- Marble Falls hosts one of the largest drag boat races in the country
- Small-town feel w/access to Big City Amenities | 1-HR NW of Austin
- Austin’s Population Boom – Contributing Growth to Surrounding Towns
- Marble Falls is part of Austin’s MSA | 3-Mile Avg HH Income: $63,822
- Greater Austin (MSA) | Fastest Growing Metros in U.S | GDP $98.6B