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Action Behavior Center - Austin, TX 13341 W Highway 290 8,952 SF Office Building Austin, TX 78737 $5,532,336 ($618/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Lease: Corporate lease to Action Behavioral Centers with 6 years remaining on the term and 2, 5-year options to renew.
- Double Net (NN) Lease Structure: The tenant is responsible for all taxes, insurance, and common area maintenance, including condo owner fees.
- Affluent Market: The average household income is $192,601 within 3 miles of the site, over 230% of the national average.
- Rent Increases: Hedge against inflation with 3% annual rent escalations throughout the term.
- Exceptionally High Growth Area in Austin MSA: 6.9% annual population growth (2020-2024) with a forecast of 6.4% (2024-2029).
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 8,952 SF Action Behavioral Center located at 13341 Hwy 290 in Austin, TX. The property is leased to Action Behavioral Centers under a 7-year corporate lease, with 6 years remaining and two 5-year renewal options. The lease features 3% annual rent escalations, providing a built-in hedge against inflation and a secure, long-term investment opportunity.
In Cooperation With Sands Investment Group, Austin, LLC - Lic. #9004706BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group, Austin, LLC - Lic. #9004706BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,952 SF
Building Class
B
Year Built
2023
Price
$5,532,336
Price Per SF
$618
Cap Rate
6.25%
NOI
$345,771
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,952 SF
Building FAR
0.03
Lot Size
6.81 AC
1 1
PROPERTY TAXES
| Parcel Number | R175366 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,331,335 |
PROPERTY TAXES
Parcel Number
R175366
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,331,335
CONTACTS
-
Burt Dement -
Ethan Offenbecher -
Zuhare Rizvon -
Baker Baine -
Sands Investment Group Austin, LLC
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Action Behavior Center - Austin, TX | 13341 W Highway 290
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