13341 W Highway 290 - Medical FOR SALE
Austin, TX 78737 |
$5,532,336 USD
512-689-7352
13341 W Highway 290
Austin, TX 78737
HIGHLIGHTS
- Corporate Lease: Corporate lease to Action Behavioral Centers with 6 years remaining on the term and 2, 5-year options to renew.
- Rent Increases: Hedge against inflation with 3% annual rent escalations throughout the term.
- Double Net (NN) Lease Structure: The tenant is responsible for all taxes, insurance, and common area maintenance, including condo owner fees.
- Exceptionally High Growth Area in Austin MSA: 6.9% annual population growth (2020-2024) with a forecast of 6.4% (2024-2029).
- Affluent Market: The average household income is $192,601 within 3 miles of the site, over 230% of the national average.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 8,952 SF Action Behavioral Center located at 13341 Hwy 290 in Austin, TX. The property is leased to Action Behavioral Centers under a 7-year corporate lease, with 6 years remaining and two 5-year renewal options. The lease features 3% annual rent escalations, providing a built-in hedge against inflation and a secure, long-term investment opportunity.
In Cooperation With Sands Investment Group, Austin, LLC - Lic. #9004706BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$5,532,336 USD
PRICE/SF
$618 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Action Behavior Center - Austin, TX
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
6.81 AC
LAND SF
296,603 SF
ZONING
-
APN/PARCEL ID
R175366
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512-689-7352
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512-689-7352
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