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Calloway's 1201 S Bell Blvd 38,350 SF Retail Building Cedar Park, TX 78613 $5,728,941 ($149.39/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term NNN Lease With ~17.75 Years Remaining
- Lease Guaranteed By Calloway's Nursery, Inc (Stock Ticker: CLWY)
- Outstanding Demographics In Austin MSA
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Calloway's located at 1201 South Bell Boulevard, Cedar Park, TX 78613. The site consists of roughly 148,540 rentable square feet of building space on an estimated 3.41-acre parcel of land. This Calloway's is subject to a 20-year Triple Net (NNN) lease, which commenced 2/1/2023. The current annual rent is $343,736 and has scheduled increases of 5.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Department Store
Building Size
38,350 SF
Building Class
B
Year Built
2023
Price
$5,728,941
Price Per SF
$149.39
Cap Rate
6%
NOI
$343,736
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
3.41 AC
Zoning
F1 - Real Commercial
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R525419 | Improvements Assessment | $757,862 |
| Land Assessment | $1,519,560 | Total Assessment | $2,277,422 |
PROPERTY TAXES
Parcel Number
R525419
Land Assessment
$1,519,560
Improvements Assessment
$757,862
Total Assessment
$2,277,422
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Calloway's | 1201 S Bell Blvd
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