Investment Opportunity - 8.9% CAP Emerging Market In The Austin MSA
$675,000
519 Ranch Road 1431, Kingsland, TX 78639
7,000 sqft
Building Size
0.59 acres
Lot Area
Details:
Highlights:
- Single Tenant Investment Opportunity
- New 6-Year Lease
- 8.9% CAP
- NOI - $60,000
- Strong business operating history
- Minimal Landlord Responsibilities
Description:
Brand New NNN Lease Offered at a 8.9% CAP Located in the emerging market of Kingsland Texas! Seller is Motivated and ready to review all offers. Single tenant net lease that began in Dec 2020 and expires in December 2026 with a 5 year option at market rate. Tenant pays additional rent for insurance and taxes as well as being responsible for the building and premises. NOI comes in at $60,000 annually. Business has also been in place for 5+ years and has had their best years the previous two years. Very minimal landlord responsibilities provide for the perfect passive income producing investment.
From TX-71 W: Follow TX-71 W to Farm to Market Rd 2233/Ranch Rd 2233 in Llano County. Take Ranch Rd 2900 to Ranch Rd 1431 E in Kingsland.
Heat: Central
Sewer: MUD, Public Sewer
A/C: Central Air
Water Src: MUD, Public
Location
