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29035 RR12 Ranch Rd. 12
Dripping Springs, TX 78620
Retail Property For Sale
Investment Highlights
- Long term tenant in place - through 2033
- One mile to downtown Dripping Springs, 20 minutes to Bee Cave, with quick access to US Hwy 290 W, Ben White / Hwy 71
- Great outdoor space - multiple hundred-year-old oak trees on site
- Ample parking – 84+ spaces
Executive Summary
Prime investment property. 1.58 level AC with heritage oaks. Full 51% cocktail bar with long term tenant in place.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
2,429 SF
Building Class
C
Year Built/Renovated
2021/2023
Price
$3,287,344 CAD
Price Per SF
$1,353.37 CAD
Cap Rate
5.10%
NOI
$167,655 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.57 AC
Parking
84 Spaces (34.58 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | R167045 | Improvements Assessment | $182,969 CAD |
| Land Assessment | $1,055,028 CAD | Total Assessment | $1,237,997 CAD |
Property Taxes
Parcel Number
R167045
Land Assessment
$1,055,028 CAD
Improvements Assessment
$182,969 CAD
Total Assessment
$1,237,997 CAD
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