STNL -- Valvolin | Kyle, TX | New 15-year Ground Lease | FOR SALE
$1,825,000
5100 Fm 1626, Kyle, TX
For Sale
Retail
Free Standing
Active
Last Updated: 10/10/2024
5.5
Cap Rate
100,000
NOI
Details:
Cap Rate: 5.5%
NOI: $100,000
Lot Area: 0.92 acres
Lease Type: Absolute Net
Year Built: 2023
Highlights:
- Absolute Net Ground Lease to Valvoline LLC, a Delaware Limited Liability Company, Guaranty by Valvoline, Inc.
- STNL Asset -- No Landlord Responsibilities
- Brand New Construction
- Rent Commencement: July 26, 2023
- Situated within Kyle’s major retail hub, IH-35 & FM 1626/Kyle Pkwy.
- Major area retailers include: H-E-B Plus!, Walmart, Lowe’s, Target, Kohl’s, PetCo, Academy
- Major traffic generators include: Ascension Seton Hays (173 beds & 575 employees), Austin Community College Hays (1,700 students), and Plum Creek
- An Ideal Location: Pad with 110 feet of frontage on FM 1626 (Kyle Pkwy.)
- One access point along FM 1626 (Kyle Pkwy.) and cross-access at Marketplace Ave. & Kyle Centre Dr. intersection through Kyle Crossing II
- Shares intersection with Kyle Marketplace with 230K SF of retail and Kyle Crossing I with 445K SF of retail
- Over 34,372 vehicles per day on FM 1626 (Kyle Pkwy.)
Documents:
| Title | ||
|---|---|---|
| CSW_KC_II_Valvoline_5100_FM_1626_OM_.pdf |
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Location
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