Kyle Parkway
Kyle, TX
Price:
$3667000
Cap Rate:
4.50%
NOI:
$165,000
Building Size:
Approx. 3722 Sq. Ft.
Lot Size:
Approx. 1.25 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2016
Investment Overview
- New Construction | 3,722+/- SF Building on 1.25+/- Acre Site
- New 20-Yr Corp Ground Lease w/ 10% Rent Bumps Every 5-Yrs
- Located along Kyle Pkwy (13,000 VPD) & I-35 (111,000 VPD)
- Outparcel to Lowe’s | Near Target, Chase, Starbucks, Chick-fil-A, Whataburger
- Adjacent to Seton Medical Center Hays (2,200 Empl.) | 2.5 Miles E of Austin Comm. College (2,000 Enrol.)
- Attractions: State Capital | Barton Springs Pool | River Rafting & Tubing | Tanger Outlet Center
- Kyle is currently the 6th fastest growing city in Texas & located 20-Miles S of Austin, Texas
- 1-Mile 2000-2015 Est. Population Growth 23.9% l 3-Mile Average Household Income: $76,674
- Austin – Round Rock – San Marcos (MSA) | 35th Larges MSA in the U.S. | Population: 1,769,952