Current Use by Public Records
- Retail properties & Spaces
Property Details for 10800 Us-290
- Year built
- 2024
- Lot size
- 0.42 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 783 square foot retail property located at 10800 US-290, Manor, TX 78653, within the Austin MSA. The property, built in 2024, features a single-story building on a 0.42-acre lot and boasts a 100% occupancy rate with a 20-year absolute NNN ground lease commencing September 1, 2024, and expiring September 29, 2044. The lease includes four, 5-year renewal options with a 10% rent increase every five years. The tenant, Salad & Go, is a credit-rated, rapidly expanding concept with a corporate guarantee, experiencing significant annual sales growth. The property generates a Net Operating Income (NOI) of $87,500, resulting in a 5.75% cap rate. The strategic location benefits from high daily traffic counts exceeding 56,442 vehicles on Hwy 290, proximity to Manor High and Middle Schools (combined student population of 2,797), and Manor New Tech High and Middle Schools (combined student population of 2,986). The surrounding area boasts an average household income of $92,745 within a 3-mile radius and an estimated population growth of 31.34% over the next five years. This property offers a compelling combination of a strong tenant, long-term lease, and a high-growth location within a rapidly expanding metropolitan area. The property includes a state-of-the-art double drive-thru concept. The asking price is $1,521,739.
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
- Manor
- County
- Travis
- State
- Texas
- Longitude
- -97.5615
- Latitude
- 30.3487
