15054 State Hwy Bee Cave, TX 78738

Property Details for 15054 State Hwy

Lot size

2.00 lot acres

Property size

10,000 SF

Property type

Day care centers

Property subtype

Retail properties

Description

This exceptional investment opportunity presents a 10,000-square-foot, single-tenant net-leased daycare center in Bee Cave, Texas. The property, situated on a 2-acre lot at 15054 State Hwy 71, boasts a prime location with high visibility on a major thoroughfare (23,930 vehicles per day) and proximity to several schools, including Lake Travis High School, Bee Cave Middle School, and Bee Cave Elementary School (combined enrollment exceeding 5,300 students). The tenant, The Learning Experience, a nationally recognized leader in early childhood education, occupies the entire space under a 15-year lease commencing July 1, 2024, and expiring June 30, 2039, with a remaining term of approximately 14.6 years. The lease includes two 5-year option periods and features approximately 12% rent increases every 5 years. Landlord responsibilities are limited to roof and structure maintenance. The property's strong financial performance is reflected in its 6.35% cap rate and a net operating income (NOI) of $375,000, with an asking price of $5,905,000 ($590.50 per square foot). This represents a new construction, 2024 prototype building with a 15-year roof warranty. The property's location in the affluent Austin suburb of Bee Cave (average household income $209,706) within one of Texas's fastest-growing metropolitan areas, offers significant long-term growth potential and inflation-resistant cash flow. The property's APN is 0118770218. This is a rare opportunity to acquire a high-quality, net-leased investment with a strong tenant and significant upside potential.

Location Insight

City

Bee Cave

County

Travis

State

Texas

Longitude

-97.9786

Latitude

30.3169