The CBRE Net Lease Property Group is pleased to exclusively offer a 9,960-square-foot Five Star ER situated on 1.14 acres in Dripping Springs, Texas which is part of the Austin MSA (Population: 2.05 million). Built in 2015, Five Star ER' s absolute NNN lease has approximately 16.25 years of primary term remaining with two 5-year options to renew and attractive annual CPI rent escalations throughout the term and option periods. The property is ideally located with excellent frontage and visibility on Highway 290 (Traffic Count: 20,000 VPD), which is Dripping Springs' main east-west thoroughfare and leads directly to Austin' s CBD (23 miles east).
Five Star ER is also immediately adjacent to McDonald' s, Charles Schwab, Great Clips and RBCFU and across the street from Sonic, Home Depot and H-E-B within the area' s primary retail and commercial corridor. Other major retailers in the immediate vicinity include Anytime Fitness, Whataburger, Starbucks, Taco Bell, Pizza Hut, Dairy Queen, AT&T, SuperCuts, Goodwill, Walgreens, O' Reilly Auto Parts and Lone Star Capital Bank among many others. The immediate area is also experiencing an influx of new residential development with over 6,000 news homes planned to be built over the next 5 years, significantly increasing the population of Dripping Springs and fueling the commercial and residential development.
