130 Chris Kelley Blvd Hutto, TX 78634
- Retail properties
- 970 SF
Current Use by Public Records
- Retail properties
Property Details for 130 Chris Kelley Blvd
- Year built
- 2023
- Property size
- 970 SF
- Property type
- Retail properties
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hutto
- County
- Williamson
- State
- Texas
- Longitude
- -97.5646
- Latitude
- 30.5357
