Current Use by Public Records
- Lifestyle centers
Property Details for 5140 Farm To Market 1626
- Year built
- 2023
- Lot size
- 1.05 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a newly constructed, single-story, 6,975 square foot retail building situated on a 1.049-acre lot in Kyle, Texas, within the Austin MSA. The property boasts 100% occupancy with two established franchise tenants: Crust Pizza Co. and Snooze, an A.M. Eatery, operating under a triple-net (NNN) lease with a remaining term of 10 years. The lease includes a 10% rent bump every five years, ensuring consistent income growth. The building, constructed in 2023, offers a strong pro-forma NOI of $285,920 and a pro-forma cap rate of 5.50%. The asking price is $5,198,545. Located at 5140 Farm to Market 1626, Kyle, TX 78640, this property benefits from its strategic location near major thoroughfares, including IH-35, and its proximity to established retailers such as Target, Kohl's, and HEB Plus!, as well as Plum Creek, a large master-planned community. The property's high visibility and strong tenant mix make it an attractive investment for discerning buyers seeking a stable, high-performing retail asset in a rapidly growing market. Lease options are available.
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
- Kyle
- County
- Hays
- State
- Texas
- Longitude
- -97.8672
- Latitude
- 30.0161
