5140 Farm To Market 1626Kyle, TX 78640

For Sale
$5,198,545

Prime Austin MSA retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a newly constructed, single-story, 6,975 square foot retail building situated on a 1.049-acre lot in Kyle, Texas, within the Austin MSA. The property boasts 100% occupancy with two established franchise tenants: Crust Pizza Co. and Snooze, an A.M. Eatery, operating under a triple-net (NNN) lease with a remaining term of 10 years. The lease includes a 10% rent bump every five years, ensuring consistent income growth. The building, constructed in 2023, offers a strong pro-forma NOI of $285,920 and a pro-forma cap rate of 5.50%. The asking price is $5,198,545. Located at 5140 Farm to Market 1626, Kyle, TX 78640, this property benefits from its strategic location near major thoroughfares, including IH-35, and its proximity to established retailers such as Target, Kohl's, and HEB Plus!, as well as Plum Creek, a large master-planned community. The property's high visibility and strong tenant mix make it an attractive investment for discerning buyers seeking a stable, high-performing retail asset in a rapidly growing market. Lease options are available.

Highlights

  • Newly constructed, 6,975 SF retail building on a 1.049-acre lot in Kyle, TX (Austin MSA).
  • 100% occupied by Crust Pizza Co. and Snooze, an A.M. Eatery, under a NNN lease with 10 years remaining and 10% rent bumps every five years.
  • Strong pro-forma NOI of $285,920 and a 5.50% pro-forma cap rate. Asking price: $5,198,545.
  • Located at 5140 Farm to Market 1626, Kyle, TX 78640, near IH-35, Target, Kohl's, HEB Plus!, and Plum Creek.

Property Details for 5140 Farm To Market 1626

Property type
Lifestyle centers, Power centers
Square Feet
6,975 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
45,694 SF

Location Insight

City
Kyle
County
Hays
State
Texas
Latitude
30.01609253
Longitude
-97.86719168
5140 Farm To Market 1626, Kyle, Texas

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5140 Farm To Market 1626
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