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- LoopNet Team
101 CR 138
Hutto, TX 78634
For Lease
PROPERTY FACTS
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Cross Streets | FM 685 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Cross Streets | FM 685 |
PROPERTY OVERVIEW
3.191 Ac. - Long Term Ground Lease or may be available for sale at $22/SF.. Located on the Northeast Corner of County Road 138 and SH 685 (SH 130 Expwy); new HEB pluis strip center under construction on Northwest corner to complete late 2016. - In ETJ of City of Hutto, Williamson County, Texas-- - Water on Site; Sewer avail. across street at new Emergency Center or approximately 2/3 Blocks East on CR 138; - Old House on Site To Be Demolished NNN GROUND LEASE TERMS TERMS TO BE NEGOTIATED. Basic gound lease: For 25 to 50 Year Initial Term, Plus multiple five or ten-year extensions - Land Value: $20.00 Per Square Foot - Capitalization Rate: 8.5% = Reduced Annual Rent for first 3 years (see below) - Security Deposit Prior to Construction: $25,000 Upon Lease Signing - Security Deposit Increases to $50,000 Upon Completion of Construction - Approval of Lessor' s Financial Statements and IRS Tax Returns for the Previous Three (3) Years will be Required Prior to Further Negotiations L - Located on the Northeast corner of County Road 138 and SH 685 (SH 130 Expressway). New HEB plus strip retail on Northwest corner of SH 130 and Gattis School Road (old Co. Rd. 1348) plus new Emergency Medical on Southeast corner, now open, plus adjacent strip center to be built 2017/2018.
