Property Details for 130 Chris Kelley Blvd

Year built

2023

Property size

970 SF

Property type

Retail properties & Spaces

Description

This exceptional investment opportunity presents a brand-new, single-tenant ground lease in Hutto, Texas, occupied by Salad and Go. The property, located at 130 Chris Kelley Blvd, boasts a 970 square foot building on a 27,312 square foot lot, built in 2023. The lease commenced September 28, 2023, and features a 20-year initial term with four, 5-year renewal options. The lease includes a crucial corporate guarantee from Salad and Go, mitigating risk and ensuring a stable income stream. Ten percent base rent increases are built into the lease every five years, providing consistent growth potential. The property's strategic location at the signalized intersection of Chris Kelley Blvd and Carl Stern Dr. offers high visibility and significant traffic exposure. Its proximity to Hutto High School and Hutto Memorial Stadium further enhances its appeal, benefiting from the substantial daily traffic generated by students and staff. The asking price is $1,727,000, representing a compelling 5.50% capitalization rate with a Net Operating Income (NOI) of $95,000. The land value is $27,312 per square foot. This is a rare opportunity to acquire a secure, high-growth investment in a thriving Texas market. The property benefits from its location near other established businesses, including Dutch Bros, Take 5 Oil, Lowe's, Starbucks, and Popeyes. This NNN lease structure minimizes landlord responsibilities, making it an attractive option for passive investors.

Location Insight

City

Hutto

County

Williamson

State

Texas

Longitude

-97.5646

Latitude

30.5357