Current Use by Public Records
- Retail properties & Spaces
Property Details for 10802 Us-290
- Year built
- 2022
- Lot size
- 0.24 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple, 1,489 square foot retail property located at 10802 US-290, Manor, TX 78653, in Travis County. The property is currently 100% occupied by LoanStar Title Loans under an absolute NNN lease with a remaining term of approximately 7.8 years, expiring August 30, 2032. The lease commenced August 25, 2022, and includes a 10-year initial term with a 5-year option. Rent increases are built in, with a 3.5% increase on September 1, 2027. The property boasts a strong 6.75% cap rate and a net operating income (NOI) of $87,000. Built in 2022, this single-story building sits on a 0.24-acre lot. The property benefits from its strategic location, enjoying high traffic counts exceeding 56,442 vehicles per day on Hwy 290. The surrounding area demonstrates significant growth potential, with a 5-mile population of approximately 54,107 residents and an estimated population growth of 31.34% over the next five years. The property's proximity to Manor High School and Middle School, along with Manor New Tech High and Middle School, further enhances its appeal. The average household income within a 3-mile radius is $92,745 annually. This is a credit-rated tenant with a corporate guarantee, offering significant security and peace of mind for the investor. The asking price is $1,288,888.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manor
- County
- Travis
- State
- Texas
- Longitude
- -97.562
- Latitude
- 30.3487
