5100 Farm To Market 1626 Kyle, TX 78640

Property Details for 5100 Farm To Market 1626

Year built

2023

Lot size

0.86 lot acres

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a brand-new, single-tenant, 15-year absolute net ground lease to Valvoline LLC, guaranteed by Valvoline, Inc. Located on a 0.86-acre lot at 5100 Farm to Market 1626 in Kyle, Texas (zip code 78640), this 2023-built property boasts a 100% occupancy rate and a strong net operating income (NOI) of $100,000, yielding a 5.5% cap rate. The lease commenced July 26, 2023, and includes 10% rent bumps every five years. This strategically positioned shopping center benefits from its location within Kyle's major retail hub at the intersection of IH-35 and FM 1626/Kyle Pkwy, surrounded by significant traffic generators and major retailers including H-E-B Plus!, Walmart, Lowe's, Target, Kohl's, PetCo, and Academy. The property's high visibility is further enhanced by its proximity to Ascension Seton Hays hospital, Austin Community College Hays, and the Plum Creek residential development. With over 34,372 vehicles traversing FM 1626 daily, this property offers exceptional exposure and a secure, long-term investment prospect. The property features one access point along FM 1626 (Kyle Pkwy.) and cross-access at Marketplace Ave. & Kyle Centre Dr. intersection through Kyle Crossing II, sharing the intersection with Kyle Marketplace (230,000 square feet of retail) and Kyle Crossing I (445,000 square feet of retail). The asking price is $1,825,000. This is a truly passive investment opportunity with no landlord responsibilities.

Location Insight

City

Kyle

County

Hays

State

Texas

Longitude

-97.8686

Latitude

30.0171