3969 E US 290 - Flex FOR SALE


Dripping Springs, TX 78620- Hill Country
$4,361,000 USD
570-762-6075
3969 E US 290, Dripping Springs, TX for Sale
$4,361,000 USD
Flex - FOR SALE
1/8
null | 6.25% Cap Rate

3969 E US 290
Dripping Springs, TX 78620
Hill Country


HIGHLIGHTS

  • 6+ Years Remaining | 3% Annual Increases | Corporate Guarantee
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Austin MSA Location | Rapidly Expanding Trade Area
  • Attractive Demographics | Affluent & Growing Market

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Moon Valley Nursery investment property located in Dripping Springs, Texas. The tenant, Moon Valley Nursery of Texas, LLC has over 6-years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$4,361,000 USD

PRICE/SF

$2,423 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Moon Valley Nursery | 3% Annual Incrs

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

4.9

LAND SF

213,444

ZONING

PP

APN/PARCEL ID

R44711

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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