Current Use by Public Records
- Retail properties & Spaces
Property Details for 14220 Tx-29
- Year built
- 2016
- Lot size
- 0.60 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a single-tenant, net-leased Domino's Pizza restaurant located at 14220 TX-29, Liberty Hill, TX 78642. The property boasts a strong 4.80% cap rate and a substantial remaining lease term of 9.7 years, expiring August 19, 2034. The 2,100 square foot building, constructed in 2016, sits on a 0.6-acre lot and includes 15 parking spaces. The property is 100% occupied by a franchisee under an absolute NNN lease, meaning all expenses, including taxes and insurance, are covered by the tenant. The lease commenced August 1, 2024, and the asking price is $2,000,000, translating to a price per square foot of $952.38. The property features rooftop air conditioning and propane gas. The building is zoned for commercial use and is situated in a rapidly growing area of Liberty Hill, Texas. This is a turnkey investment with minimal management requirements, offering a secure and passive income stream for years to come. The Net Operating Income (NOI) is $96,000. The sale is offered as a bank note. Please note that this sale is for the building and property only
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Liberty Hill
- County
- Williamson
- State
- Texas
- Longitude
- -97.9177
- Latitude
- 30.6717
