101 Leffingwell LnBurnet, TX 78611

For Sale
$2,272,500

Burnet, TX: NNN Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • Absolute NNN lease with annual rent increases and CPI adjustments at renewal; 2022 construction.
  • Prime location with excellent visibility and over 17,000 vehicles daily.
  • Rapidly growing area near major retail and housing developments, including a 180-unit single-family home community.
  • Close proximity to multiple schools.
  • Located in the rapidly growing Greater Austin area, a technology and business hub with a 3.5% unemployment rate.
  • Minutes from Burnet Municipal Airport.

Property Details for 101 Leffingwell Ln

Property type
Other office properties, Medical offices
Square Feet
3,003 SF
Class
A
Year Built
2022
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Burnet
County
Burnet
State
Texas
Latitude
30.7598361
Longitude
-98.2151951
101 Leffingwell Ln, Burnet, Texas

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101 Leffingwell Ln
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