101 Deer Rdg Dr Round Rock, TX 78681
- Retail properties
- 850 SF
- 0.75 lot acres
Current Use by Public Records
- Retail properties
Property Details for 101 Deer Rdg Dr
- Year built
- 2024
- Lot size
- 0.75 lot acres
- Property size
- 850 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 850-square-foot Salad and Go restaurant situated on a 0.75-acre lot in Round Rock, Texas. The property, built in 2024, operates under a 20-year absolute NNN ground lease commencing March 13, 2024, and expiring March 12, 2044, with a remaining term of approximately 19.3 years. The lease includes a corporate guarantee and features 10% rent bumps every five years, providing significant rental growth and inflation protection. The property boasts a 6.00% cap rate and a current NOI of $125,000, with an asking price of $2,084,000 ($2,451.76 per square foot). The single-story building includes seven parking spaces and is located in a high-growth area of the Austin-Round Rock-San Marcos MSA, benefiting from high traffic counts on FM 620 and Great Oaks Drive (combined 40,000+ vehicles daily). The property is zoned C5-Commercial and is surrounded by numerous residential developments, major retailers (including a nearby H-E-B), and other commercial establishments. The tenant, Salad and Go, is a rapidly expanding company with over 158 locations. The lease includes four, five-year options with 180 days' notice. This is a rare opportunity to acquire a long-term, low-maintenance, high-growth investment in a prime location.
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
- Round Rock
- County
- Williamson
- State
- Texas
- Longitude
- -97.7255
- Latitude
- 30.4936
