Retail    

Hobby Lobby (Leasehold)

 Pflugerville (Austin), Texas

Asking Price

$10,717,000

Cap Rate

7.00%

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Expenses

NNN

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Year Built

2023

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Square Feet

55,000 SF

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NOI

$750,200

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Rent Increases

Every 5 Years

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Brand New 20-Year Lease | Rent Increases Every 5 Years
  • Strong Corporate Entity on Lease
  • High Quality, New Construction
  • Explosive ~40% Population Growth | Very Affluent $136K AHHI
  • Adjacent to Stone Hill Town Center - 3.7M Annual Visits
  • Significant Tax Benefit | Accelerated and/or Bonus Depreciation
  • Rapidly Developing Corridor - 409 Units of Multi-Family | 228K SF of Retail
  • Extremely Accessible From TX Hwy 130 | 25.5M Annualized Traffic Count

Exclusively Listed By

Anne Perrault

Vice President
  aperrault@northmarq.com   

Ryan Butler

Regional Managing Director
  rbutler@northmarq.com   

Brad Moulder

Senior Vice President
  bmoulder@northmarq.com   

David Annett

Senior Associate
  dannett@northmarq.com   

Brandon Sherrill

Senior Associate
  bsherrill@northmarq.com   

Jacob Ryan

Senior Associate
  jryan@northmarq.com   

Joe Habighorst

Lead Investment Analyst
  jhabighorst@northmarq.com   

Cole Surrett

Investment Analyst
  csurrett@northmarq.com   

Heather Foster

Operations Analyst
  hfoster@northmarq.com   

In Association With:

Brett Butler

TX License #558227

Northmarq

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