TEXAS MEDCLINIC URGENT CARE | ABS. NNN LEASE | 101 Leffingwell Ln
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TEXAS MEDCLINIC URGENT CARE | ABS. NNN LEASE 101 Leffingwell Ln
3,003 SF Retail Building Burnet, TX 78611 £1,778,118 (£592/SF) 6% Net Initial Yield
Investment Highlights
- Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring Annual Rental Increases throughout the Initial Term and CPI Adjustments.
- Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
- Greater Austin Ranks as one of the Fastest Growing out of the 50 Largest U.S. Metros, and has an Unemployment Rate of 3.5%.
- Positioned near Area’s Retail & Traffic Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 17k Vehicles.
- In Close Proximity to Numerous Schools including Burnet High School, Quest High School, Burnet Middle School, R J Richey Elementary and more.
- Access Health (now Texas MedClinic) was recently acquired by Community Care Partners (100+ Units). Strong Corporate Backing on Subject Property Lease.
Executive Summary
Texas MedClinic Urgent Care | Long Term Abs. Net Lease | Annual Rental Increases | Brand New Construction | Minutes from Numerous Schools and Airport | Immediate Area Experiencing Major Growth - Austin Ranked one of the Fastest Growing Metro in the Nation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,003 SF
Building Class
B
Year Built
2022
Price
£1,778,118
Price Per SF
£592
Net Initial Yield
6%
NOI
£106,687
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
0.58 AC
Opportunity Zone
Yes
Amenities
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 70692 | Improvements Assessment | £424,068 |
Land Assessment | £237,222 | Total Assessment | £661,290 |
PROPERTY TAXES
Parcel Number
70692
Land Assessment
£237,222
Improvements Assessment
£424,068
Total Assessment
£661,290
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TEXAS MEDCLINIC URGENT CARE | ABS. NNN LEASE | 101 Leffingwell Ln
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