204 N Water St
Burnet, TX
Price:
$2,000,000
Cap Rate:
5.25%
NOI:
$105,000
Building Size:
Approx. 2,252 Sq. Ft.
Lot Size:
Approx. 0.99 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2020
Investment Overview
- 2020 Construction 2,252+/- SF Building on 0.99 +/- Acre Site
- New 10-year Corporately guaranteed Net Lease with no early termination clause and 10% rental increases every 5-years
- Strategically located at the intersection of N. Water St. & Buchanan Dr. (45,000 VPD)
- Strong retail trade area adjacent to a McDonald’s | Surrounded by national retailers such as Walgreen’s, Dollar General, HEB Grocery and many others
- 1-mile from Burnet Municipal Airport | 50-miles northwest of Austin, TX | $61,573 average household income within 1-mile
- Greater Austin (MSA) | Population 1M+ | One of the fastest growing cities in the nation