Current Use by Public Records
- Retail properties & Spaces
Property Details for 909 Avenue H
- Year built
- 2024
- Lot size
- 0.48 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 2,371 square foot, newly constructed (2024) HTeaO quick-service restaurant in Marble Falls, Texas. Located on 0.48 acres at 909 Ave H, 78654, this single-tenant property boasts a 15-year absolute NNN lease commencing June 1, 2024, with a remaining term of 14.5 years. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The property generates a strong NOI of $141,000, representing a 6.50% cap rate on the $2,170,000 asking price. The tenant, HTeaO, is a prominent iced tea concept with over 135 locations nationwide. This location benefits from high visibility, a drive-thru lane, and pylon signage on FM 1431, situated in a high-traffic area with a strong demographic profile. The surrounding area exhibits exceptional growth, with a 1.4% annual population growth rate (2010-2020) and an average household income exceeding $104,168 within a 10-mile radius. Burnet County experienced significant income growth due to migration during the COVID-19 pandemic. This is a turnkey investment with minimal landlord responsibilities, offering significant long-term returns. Three 5-year lease options are available at 10% increases. The property's APN is 28750.
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
- Marble Falls
- County
- Burnet
- State
- Texas
- Longitude
- -98.2719
- Latitude
- 30.5774
