1511 Main St Fredericksburg, TX 78624-5404

Property Details for 1511 Main St

Year built

1988

Lot size

6.16 lot acres

Property size

47,518 SF

Property type

Commercial real estate

APN

54260

APU

54260

Description

This exceptional investment opportunity presents a brand-new, 2,403 square foot HTeaO location in Fredericksburg, Texas. Situated on a hard corner at the signalized intersection of E Main St (US Highway 290) and Friendship Ln, this property benefits from high visibility and convenient access. The 15-year absolute NNN lease boasts 1.5% annual rent increases and is backed by both entity and personal guarantees from a seasoned franchisee with a proven track record of exceeding systemwide averages. The property is part of a thriving commercial area with over 950 single-family homes and 1,200 multi-family units within a 1-mile radius, and enjoys proximity to a Walmart Supercenter, numerous schools, and the Gillespie County Fairgrounds. Fredericksburg's robust tourism industry, driven by over 100 wineries and 5 million annual visitors, further enhances the property's value. The building was constructed in 2024 and sits on a 29,925 square foot lot. The current Net Operating Income (NOI) is $144,000, representing a 6.00% cap rate and a price per square foot of $998.75. The lease includes three five-year renewal options, ensuring long-term stability and predictable income growth. This is a fee-simple ownership opportunity with 100% occupancy and significant upside potential in a rapidly growing region. The average household income within a 3-mile radius exceeds $122,000. The property's strategic location, coupled with the strength of the tenant and lease terms, makes this an attractive investment for discerning buyers.

Location Insight

City

Fredericksburg

County

Gillespie

State

Texas

Longitude

-98.8503

Latitude

30.253

CBSA code

23240

CBSA name

FREDERICKSBURG, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments