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Brakes Plus 2900 U.S. 281 hwy 4,897 SF Retail Building Marble Falls, TX 78654 $2,909,091 ($594.06/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- Excellent Frontage on Main Throughway
- Absolute NNN 20-Year Corporate Sale-Leaseback
- Strategically Positioned Between a Walmart Supercenter and Lowe's
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Brakes Plus located at 2900 N US Highway 281, Marble Falls, TX 78654. The site consists of roughly 4,897 rentable square feet of building space on an estimated 1.06-acre parcel of land. This Brakes Plus is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $160,000 and has scheduled increases of 5.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,897 SF
Building Class
C
Year Built
2025
Price
$2,909,091
Price Per SF
$594.06
Cap Rate
5.50%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.06 AC
NEARBY MAJOR RETAILERS
CONTACTS
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Robert Stein -
John McHugh -
Christopher Marks -
Surmount
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Brakes Plus | 2900 U.S. 281 hwy
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