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1801 Clover Ln - Splash Shack Lease-Back Investment Sale

9,310 SF Sports & Entertainment Building Offered at £2,288,100 at a 6.86% Net Initial Yield in Cedar Park, TX 78613

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Executive Summary

Year 5- 10% base rent increase $20.67 per sq ft- ($218,678.02 base rent, 7.54% Cap rate).
Absolute Net- tenant pays all expenses.
3- 5 year options to renew- 10% increase per 5-year term.
Personal Guarantee
Option to buy back building at market rate

Splash_Shack_Lease-Back_Investment_Sale

Property Facts

Price	£2,288,100	Property Subtype	Amusement Park Sports & Entertainment Swimming Pool
Price Per SF	£246	Lot Size	1.74 AC
Sale Type	Investment	Building Size	9,310 SF
Net Initial Yield	6.86%	Number of Floors	1
Property Type	Sports & Entertainment	Year Built	2018

Price	£2,288,100
Price Per SF	£246
Sale Type	Investment
Net Initial Yield	6.86%
Property Type	Sports & Entertainment
Property Subtype	Amusement Park Sports & Entertainment Swimming Pool
Lot Size	1.74 AC
Building Size	9,310 SF
Number of Floors	1
Year Built	2018

PROPERTY TAXES

Parcel Number	R559576	Improvements Assessment	£1,136,021
Land Assessment	£1,025,178	Total Assessment	£2,161,199

PROPERTY TAXES

Parcel Number

R559576

Land Assessment

£1,025,178

Improvements Assessment

£1,136,021

Total Assessment

£2,161,199

Janice Landers
RESOLUT RE
RESOLUT RE

(512) 535-0262

Listing ID: 32618758
Date on Market: 29/07/2024
Last Updated:
Address: 1801 Clover Ln, Cedar Park, TX 78613

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