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Investment Property with Land 21732 State Highway 71 W 11,100 SF 100% Leased Retail Building Spicewood, TX 78669 For Sale 7% Cap Rate
INVESTMENT HIGHLIGHTS
- No Zoning or Impervious Restrictions
- 8 Minutes to Lakeway, 15 Minutes to Marble Falls
- Highway Frontage
- Permitting Through Travis County
- Addtl land for development
EXECUTIVE SUMMARY
11,100 SF building : Leased Investment Property. 10 year lease with Agroland Equipment & Sales. Yearly Escalations.
1 Acre engineered pad site with existing detention
2.27 acres surplus land for development
1 Acre engineered pad site with existing detention
2.27 acres surplus land for development
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
11,100 SF
Building Class
C
Year Built
1995
Cap Rate
7%
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
4.92 AC
Zoning
none - No zoning restrictions
Frontage
1,105’ on State Highway 71
AMENITIES
- Fenced Lot
- Freeway Visibility
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Agroland
- Retailer
- 11,100 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Agroland | Retailer | 11,100 SF | - | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 355473 | Improvements Assessment | $1,802,490 CAD |
| Land Assessment | $1,148,849 CAD | Total Assessment | $2,951,339 CAD |
PROPERTY TAXES
Parcel Number
355473
Land Assessment
$1,148,849 CAD
Improvements Assessment
$1,802,490 CAD
Total Assessment
$2,951,339 CAD
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Red Commercial Real Estate
Investment Property with Land | 21732 State Highway 71 W
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