7.72% Cap Rate | Newer-Construction Flex / Industrial Investment | Fully Leased | NNN Income
$5,295,000
15210 Fitzhugh Road, Bee Cave, TX 78736
22,300 sqft
Building Size
100
Occupancy
Details:
Highlights:
- $408K NOI on four fully leased NNN buildings with 3% annual rent increases.
- Newer construction (2022–2024) with 20’ clear heights, 14’ x 12’ roll-up doors, and full HVAC.
- Low-maintenance, energy-efficient design with rainwater collection, high-R insulation, and shared septic.
- Tenant-ready suites featuring private bathrooms, kitchenettes, polished concrete, and vinyl plank offices.
- Prime Hays County growth corridor in a $150K+ income area, minutes from Lake Travis, Dripping Springs, and Westlake.
Description:
Rare opportunity to acquire three fully leased flex-industrial buildings on true NNN leases, delivering $408,000 in annual NOI with 3% annual rent escalations. Will sell individually or as whole. Constructed between 2022–2024, these modern, low-maintenance assets are designed for long-term durability, energy efficiency, and tenant retention.
Each suite is fully air-conditioned and features 20’ clear heights, 14’ x 12’ roll-up doors, polished concrete floors, private bathroom and kitchenette, and vinyl plank flooring in office areas. Buildings are highly energy efficient with R-30 ceiling insulation, 3” wall insulation, and R-15 insulated office buildouts, contributing to lower operating costs and strong tenant satisfaction.
The property benefits from rainwater collection systems, HOA-managed shared septic, and a favorable 1.7% tax rate, further enhancing net returns. Located in a highly affluent trade area with $150,000+ average household incomes, the site sits squarely in the Hays County growth corridor, just minutes from Lake Travis, Dripping Springs, and Westlake—one of Central Texas’ most supply-constrained industrial submarkets.
Ideal for investors seeking stable, passive income backed by newer construction, strong demographics, and long-term growth fundamentals.
Great location in the Dripping Springs/West Austin Area. Beautiful area in the hill country with tons of wedding venues, breweries, and vineyards. No zoning. Huge Growth Corridor with easy access to Austin. Great schools, Low tax rate, and much more is happening in this part of town.
Documents:
Location
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