Kyle, TX - Texas Born

145 Lehman Road, Kyle, TX

$9,950,000

Price

6%

Cap Rate

$597,000

NOI

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Street
Map
Overview
Cap Rate
6%
NOI
$597,000
Building Size
6,463 sqft
Lot Area
4.52 acres
Occupancy
100%
Year Built
2023
Description

• The tenant recently signed a brand new 20-year lease with 5 (5-year) options to extend, demonstrating their long-term commitment to the site
• The newly-constructed building features a state-of-the-art design with high-quality materials
• The family-owned chain headquartered in Spicewood, Texas, showcases exceptional operational proficiency, effective leadership, and a culture that prioritizes people
• Surrounded by national credit tenants including Target, Lowe’s, Walgreen’s, CVS Pharmacy, Kohl’s, Walmart Super-center, Dollar Tree, Starbucks, AutoZone, Advance Auto Parts, Mattress Firm and more

• The asset is located at the signalized, hard corner intersection of Lehman Rd and Ranch to Market Rd. 150 with a combined 20,800 vehicles passing by daily
• The site benefits from nearby direct on/off ramp access to Interstate 35, a major thoroughfare averaging over 123,000 vehicles per day
• Kyle TX: Population has increased 10.9% from 2021 – 2022 and has increased by over 82% since 2010
• Population growth is projected to increase by an additional 18% through 2027
• Austin MSA – the property is located 22 miles from downtown Austin
• More than 73,600 residents and 11,900 employees support the trade area
• $108,502 average household income within 1 mile radius

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Listing ID: a288X000002lylfQAA
Location
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