101 Leffingwell Ln Burnet, TX 78611-2245

Property Details for 101 Leffingwell Ln

Year built

2022

Lot size

0.58 lot acres

Property size

3,024 SF

Property type

Commercial real estate

APN

70692

APU

70692

Description

This exceptional investment opportunity presents a 3,003-square-foot Class A medical office building in Burnet, Texas. The property boasts a long-term, absolute triple-net (NNN) lease with Texas MedClinic, backed by the corporate guarantee of Community Care Partners, a significant healthcare provider with over 100 units. Built in 2022, the building features high-quality construction and benefits from annual rent increases throughout the initial lease term, further enhanced by CPI adjustments at renewal options. The lease has a remaining term of 12.8 years, expiring August 31, 2037. The property enjoys a prime location near major retail corridors and boasts excellent visibility with daily traffic exceeding 17,000 vehicles. Situated on a 0.58-acre lot, the building is conveniently located near several large retail and housing developments, including the Creekfall 180-unit single-family home community, currently under construction. The property's proximity to Burnet Municipal Airport and numerous schools further enhances its appeal. The strong tenant, favorable lease terms, and strategic location in a rapidly growing community with robust demographics, combined with a 6.00% cap rate and a net operating income (NOI) of $136,350, make this a compelling investment opportunity. The greater Austin area's economic strength, including a low unemployment rate of 3.5% and its position as a technology and business hub, further supports the long-term value of this asset.