Petco | 3108 US 281
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Petco 3108 US 281
10,900 SF Retail Building Marble Falls, TX 78654 £4,571,681 (£419/SF) 5.75% Net Initial Yield
Investment Highlights
- Austin, TX MSA (~50-Miles Northwest)
- 15-Year Absolute NNN Lease
- Five, 5-Year Options
- 2024 Build-to-Suit
- 8.50% Bumps Every 5-Years
- 24,000+ VPD Traffic Counts
Executive Summary
Marble Falls, Texas, is a vibrant city located in the picturesque Texas Hill Country, approximately 50 miles northwest of Austin and 85 miles north of San Antonio. The city is located in Burnet County Texas with a population of 55,346 that’s growing at an annual rate of 2.64%. The population of Marble Falls, Texas, in 2024 is 7,757. The city is currently growing at a rate of 2.2% annually, and its population has increased by 9.48% since the most recent census, which recorded a population of 7,085 in 2020.
The city’s infrastructure supports business operations and growth, with major highways providing easy access to Austin, San Antonio, and other key markets. The local airport and proximity to international airports in Austin and San Antonio further enhance Marble Falls’ connectivity, making it a convenient location for business travelers and logistics operations. This strategic location offers the perfect blend of small-town charm and accessibility to major urban centers, making Marble Falls an ideal spot for businesses looking to capitalize on regional growth while maintaining a quality lifestyle.
The city serves as a commercial hub for the Highland Lakes area, with a diverse economic base that includes tourism, manufacturing, health care, and retail. The city has experienced consistent growth, driven by both its natural beauty and a proactive economic development strategy that encourages investment and expansion. The presence of major retailers, a regional hospital, and numerous small businesses reflects a robust local economy with opportunities for new ventures and expansions.
With a population that exhibits a mix of young professionals, families, and retirees, Marble Falls presents a dynamic market for businesses. The city’s demographic profile is characterized by a higher-than-average household income and a growing population, indicative of a strong and stable consumer base. The area’s scenic beauty, coupled with its community-oriented lifestyle, continues to attract new residents, further bolstering the
local economy.
The city’s infrastructure supports business operations and growth, with major highways providing easy access to Austin, San Antonio, and other key markets. The local airport and proximity to international airports in Austin and San Antonio further enhance Marble Falls’ connectivity, making it a convenient location for business travelers and logistics operations. This strategic location offers the perfect blend of small-town charm and accessibility to major urban centers, making Marble Falls an ideal spot for businesses looking to capitalize on regional growth while maintaining a quality lifestyle.
The city serves as a commercial hub for the Highland Lakes area, with a diverse economic base that includes tourism, manufacturing, health care, and retail. The city has experienced consistent growth, driven by both its natural beauty and a proactive economic development strategy that encourages investment and expansion. The presence of major retailers, a regional hospital, and numerous small businesses reflects a robust local economy with opportunities for new ventures and expansions.
With a population that exhibits a mix of young professionals, families, and retirees, Marble Falls presents a dynamic market for businesses. The city’s demographic profile is characterized by a higher-than-average household income and a growing population, indicative of a strong and stable consumer base. The area’s scenic beauty, coupled with its community-oriented lifestyle, continues to attract new residents, further bolstering the
local economy.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£259,437
|
£23.80
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | £259,437 |
| Annual Per SF | £23.80 |
Property Facts
Sale Type
Investment
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Building Size
10,900 SF
Building Class
B
Year Built
2024
Price
£4,571,681
Price Per SF
£419
Net Initial Yield
5.75%
NOI
£262,857
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
5.05 AC
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Petco
- Retailer
- 10,900 SF
- £23.80
- NNN
- Apr 2039
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Petco | Retailer | 10,900 SF | £23.80 | NNN | Apr 2039 |
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Petco | 3108 US 281
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