909 Avenue HMarble Falls, TX 78654

For Sale
$2,170,000

Profitable NNN Lease, High-Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 2,371 square foot, newly constructed (2024) HTeaO quick-service restaurant in Marble Falls, Texas. Located on 0.48 acres at 909 Ave H, 78654, this single-tenant property boasts a 15-year absolute NNN lease commencing June 1, 2024, with a remaining term of 14.5 years. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The property generates a strong NOI of $141,000, representing a 6.50% cap rate on the $2,170,000 asking price. The tenant, HTeaO, is a prominent iced tea concept with over 135 locations nationwide. This location benefits from high visibility, a drive-thru lane, and pylon signage on FM 1431, situated in a high-traffic area with a strong demographic profile. The surrounding area exhibits exceptional growth, with a 1.4% annual population growth rate (2010-2020) and an average household income exceeding $104,168 within a 10-mile radius. Burnet County experienced significant income growth due to migration during the COVID-19 pandemic. This is a turnkey investment with minimal landlord responsibilities, offering significant long-term returns. Three 5-year lease options are available at 10% increases. The property's APN is 28750.

Highlights

  • New 2024 construction, 2,371 SF HTeaO quick-service restaurant with drive-thru.
  • 15-year absolute NNN lease, 10% rent increases every five years, zero landlord responsibilities.
  • High-visibility location on FM 1431 with pylon signage in a high-traffic area.
  • Strong market growth: 1.4% annual population growth (2010-2020).
  • High average household income exceeding $104,168 within a 10-mile radius.
  • Burnet County experienced significant income growth from in-migration during the COVID-19 pandemic.

Property Details for 909 Avenue H

Property type
Other retail properties, Restaurants
Year Built
2024
Lot Size (sq. ft)
20,909 SF

Location Insight

City
Marble Falls
County
Burnet
State
Texas
Latitude
30.577365
Longitude
-98.2718765
909 Avenue H, Marble Falls, Texas

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909 Avenue H
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