102 Riverview Drive
Lampasas (Outside Austin), TX 76550
Schlotzsky’s Drive-Thru
| Offering Summary | |||
|---|---|---|---|
| Price | $2,000,000 | Cap Rate | 5.00% |
| NOI | $100,000.00 | Rentable SF | 2,904 SF |
| Lot Size | 0.39 +/- Acres | Year Built | 2015 |
| Lease Type | Absolute NNN | Lease Term | 15 Years |
Investment Highlights
- Rare Corporately Guaranteed Lease by Focus Brands, an
Investment Grade Credit Tenant, Rated BBB by Standard & Poor’s - Brand New 15-Year Absolute NNN Lease
- 1.75% Annual Rent Increases in Primary Term & Options
- Combined Traffic Counts Exceed 48,500 Vehicles Per Day on S
Key Ave, US Hwy 281 & US Hwy 190 - Average Household Income Exceeds $85,000 (5-Mile Radius)
- 4.0% Expected Population Growth Over the Next 5-Years
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For More Information, Please Contact:
John R Wertz
Managing Principal
(619) 218-6427
jwertz@wertzrealestate.com