3117 Williams DrGeorgetown, TX 78628

For Sale
$1,920,000

High-Yield Human Bean NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a newly constructed (2024), 600 square foot Human Bean QSR located on a 0.51-acre lot in Georgetown, TX, a rapidly growing suburb of Austin. The property boasts a 15-year NNN lease with three, five-year renewal options, providing significant long-term stability and a strong 7.50% cap rate based on a $144,000 NOI. Strategically positioned off I-35 with excellent visibility and access, the site benefits from high traffic counts and proximity to other retailers and residential areas, including the Georgetown Executive Airport. The strong demographics of the area, with an average household income of $126,443 within a 3-mile radius, further enhance the investment potential. The property is a build-to-suit for the Human Bean franchisee, ensuring a high-quality build and operational efficiency. The lease includes a personal and franchisee guarantee for the full 15-year term. This turnkey investment offers a compelling combination of strong cash flow, long-term lease security, and significant upside potential in a thriving market. The property's location on Williams Dr., a major roadway connecting to the Georgetown Central Business District and I-35, provides exceptional accessibility. The surrounding area includes Sun City Texas, a large retirement community with 7,500 homes, contributing to a robust customer base. This is a rare opportunity to acquire a high-performing, newly constructed QSR investment in a prime location.

Highlights

  • 15-year NNN lease with attractive terms in a burgeoning Georgetown, TX retail hub.
  • Newly constructed 600 SF drive-thru building on a 0.84-acre lot, built-to-suit for Human Bean, operational Q2 2024.
  • Excellent location on Williams Dr., near Lakeway Dr. and ~1.5 miles from IH-35.
  • Strong demographics: 3-mile average household income of $126,443, situated on a major thoroughfare connecting to Sun City (7,500 homes) and IH-35.
  • High-growth area with a highly educated workforce; Austin metro boasts a top-10 ranking for bachelor's degree attainment.
  • New construction, 15-year lease, projected average cap rate over 8.28%.

Property Details for 3117 Williams Dr

Property type
Other retail properties, Restaurants
Square Feet
600 SF
Year Built
2024
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Georgetown
County
Williamson
State
Texas
Latitude
30.664574
Longitude
-97.6929365
3117 Williams Dr, Georgetown, Texas

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3117 Williams Dr
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