1402 N Interstate 35
Round Rock, TX
Price:
$5,903,000
Cap Rate:
5.00%
NOI:
$295,126
Building Size:
Approx. 3,380 Sq. Ft.
Lot Size:
Approx. 1.6 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2023
Investment Overview
- 2023 Construction. 3,380+/- SF Building on 1.60+/- Acre Site
- Brand New 15 Year Ground Lease w/ 10% Rental Increases Every 5 Years, Including Option Periods
- Subject Property is a New Construction Building with a Double Lane Drive-Thru
- Located Right Off of Interstate Hwy 35 (146,000+ VPD), Near Corner of Sam Bass Rd & Chisholm Trail Rd (11,850 Combined VPD)
- Near Several National Retailers Including Sprouts, Torchy’s Tacos, Starbucks, KFC, Dairy Queen, and Many More
- Shake Shack is one of the Fastest Growing Food Chains in the US – 440 Locations w/ $900M Revenue in 2022
- Round Rock | Located w/in the Greater Austin MSA | Population: 126,697+
Resources