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Service Street Auto - Serene Hills 16718 State Highway 71 hwy 4,469 SF Retail Building Lakeway, TX 78738 $4,025,890 ($900.85/SF) 6.20% Cap Rate
Investment Highlights
- 20 Year Absolute Net Lease
- Signalized intersection at Highway 71, plus two additional roadway intersections
- Heavy daytime foot and car traffic
- Rapidly growing affluent trade area with high income, high growth residential area with excellent retail services
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,469 SF
Building Class
C
Year Built
2025
Price
$4,025,890
Price Per SF
$900.85
Cap Rate
6.20%
NOI
$249,604
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.21 AC
Frontage
222’ on State Highway 71
Property Taxes
| Parcel Number | 823758 | Improvements Assessment | $0 |
| Land Assessment | $492,228 | Total Assessment | $492,228 |
Property Taxes
Parcel Number
823758
Land Assessment
$492,228
Improvements Assessment
$0
Total Assessment
$492,228
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Service Street Auto - Serene Hills | 16718 State Highway 71 hwy
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