4929 Gattis School Rd - Fast Food FOR SALE


Hutto, TX 78634
$3,184,210 USD
972-755-5279
4929 Gattis School Rd, Hutto, TX for Sale
$3,184,210 USD
Fast Food - FOR SALE
1/4
null | 3.8% Cap Rate

4929 Gattis School Rd
Hutto, TX 78634


HIGHLIGHTS

  • Corporate Absolute NNN Ground Lease with 14.5 Years Remaining and 10% Rent Increases Every 5 Years | Average Cap Rate Over Primary Term is 4.22%
  • Three-Mile Population of 82,743 and Five-Mile Population of 213,904 with AverageHousehold Income of $141,212
  • Located in a State Highway Intersection Connecting the New Samsung Semiconductor Plant Creating 3,500 Jobs
  • Currently 40,000 VPD from TX 130 and 18,792 VPD from Gattis School Road
  • Extremely High-Performing McDonald's in the 91st Percentile in visits Nationwide, Top 13% in the State ofTexas and Top 12% in the local 15-Mile Radius
  • Shadow Anchored by 'HEB Plus!' Performing in the Top 12% Nationwide (Placer.ai) |HEB was the #1 Ranked Grocery Chain in Dunnhumby's US Grocer Retailer

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a McDonald's property in Hutto, Texas. The property is subject to a ground lease with McDonald's corporation with approximately 15 years remaining in the initial term. The 4,954-square-foot building was recently built in 2019 and sits on a 1.24-acre lot. The lease has 10 percent rental increases every five years with the next increase coming in June 2029. The lease also includes four five-year renewal options with 10 percent rent increases at each option. This subject McDonald's is located in a state highway intersection connecting the under-construction Samsung Highway project, which will connect TX-130 with the state-of-the-art, under-construction Samsung Plant Site (Proj. Completion 2028) offering phenomenal vehicle traffic potential.

FOR SALE DETAILS

PRICE

$3,184,210 USD

PRICE/SF

$629 USD /SF

CAP RATE

3.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.06 AC

LAND SF

89,734 SF

ZONING

-

APN/PARCEL ID

R563828

ASK ABOUT THIS PROPERTY

John PaineMarcus & MillichapMore Info
972-755-5279

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John PaineMarcus & MillichapMore Info
972-755-5279

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