13001 Texas 29 - Fast Food FOR SALE


Liberty Hill, TX 78642
$1,758,000 USD
510-289-1166
13001 Texas 29, Liberty Hill, TX for Sale
$1,758,000 USD
Fast Food - FOR SALE
1/1
null | 4.75% Cap Rate

13001 Texas 29
Liberty Hill, TX 78642


HIGHLIGHTS

  • Brand New 20 Year Absolute NNN Lease to Largest Popeyes Franchisee
  • Scheduled 10% Rental Escalations in Primary Term and at Options
  • 2024 Construction Featuring Drive-Thru Component
  • Adjacent to Liberty Hill Elementary School & Louise Noble Elementary School
  • Growing Austin MSA Community - 4,000+ Housing Units Recently Built & In Development Pipeline
  • 6.01% Annual Rate within 5 Mile Radius

OVERVIEW

The subject property is prominently located with excellent access and visibility along West TX-29 (23,618 AADT) within a rapidly growing community. The site benefits from robust demographics with a population of 46,432 within a 5 mile radius and annual growth rate of 6.01%. Average household income within 5 miles of the site is $137,941. The site is located approximately 14 miles from Georgetown, 26 miles from Round Rock, and 33 miles from Austin. The site benefits from a prominent retail location adjacent to Liberty Hill Middle School and Louine Noble Elementary School adjacent to a recently developed Starbucks and planned Popeye’s. Major retail tenants in the surrounding area include Tractor Supply Company, Dollar General, Dutch Bros Coffee, Schlotzsky’s, and more. Nearby development activity includes Kaufman Loop Apartments, featuring 144 residential units and a new H-E-B; Butler Farms, a 366-acre master-planned community slated to include 2,000+ new single-family homes; Core Spaces, which will include 144 multifamily townhomes and 374 single family rental homes; Hidden Lane Glen, a 136-unit multifamily development; Fort Tumbleweed, a 476-unit condo and apartment development; Avila Vista, featuring 150 new residential units; Rio Oaks, featuring 260 new apartments; Pohl Tract, slated to include 766 new residential units; and Liberty Center, expected to include 240 apartments as well as retail space. This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$1,758,000 USD

PRICE/SF

$733 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Popeyes Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

-

APN/PARCEL ID

R605650

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.