1265 S US Highway 183 - Retail FOR SALE


Leander, TX 78641
$1,200,000 USD
918-494-2690
1265 S US Highway 183, Leander, TX for Sale
$1,200,000 USD
Retail - FOR SALE
1/3
null | 6.25% Cap Rate

1265 S US Highway 183
Leander, TX 78641


HIGHLIGHTS

  • Long-Term Absolute NNN Ground Lease with 10% Increases Every 5 Years and Multi-Unit Franchisee
  • New 2024 Construction with Latest Drive-Thru Prototype
  • Low Price & Exceptional Residual Value
  • Prominent Outparcel to Gateway at Leander Shopping Center with 3.8M Annual Visits
  • Near Major Traffic Drivers in Austin MSA Location with High-Growth and Affluent Demographics

OVERVIEW

Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the ground lease located at 1245 North Highway 183, Leander, TX (“the Property”). Encompassing ±664 SF on ±0.55 acres, the Property represents brand-new 2024 construction and is occupied by Scooter’s Coffee, operating under a 10-year absolute NNN lease with zero landlord responsibilities. The Lease also includes 10% rental increases every 5 years. This provides a significant boost to yield and hedge against inflation.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$1,807 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

C4 - Commercial

APN/PARCEL ID

R489772

ASK ABOUT THIS PROPERTY

Daniel HerroldNorthmarqMore Info
918-494-2690

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Daniel HerroldNorthmarqMore Info
918-494-2690

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.