Freebirds & Animal Hospital of Hutto
Retail | 5.60% CAP | 5,000 SqFt
Marketing description
Maj commercial real estate is pleased to present the opportunity to acquire a Brand-new, multi-tenant nnn lease investment located in the rapidly growing city Of hutto, texas. The property is 100% leased to freebirds world burrito and animal hospital of hutto, Both operating under brand-new 10-year initial lease terms. Freebirds features 10% Rental increases every five (5) years, while animal hospital of hutto benefits from 2% Annual rental increases, offering a strong and growing income stream for investors. Strategically located along chris kelley blvd, the site sits directly across from hutto High school and hutto memorial stadium, ensuring high visibility and consistent Traffic. The property is also situated just east of the carmel creek development, a 466-acre mixed-use project anchored by the emory apartments, a 305-unit class A multifamily development. Surrounding national and regional tenants include Lowe’s, salad and go, mcalister’s deli, take 5 oil change, home depot, chase bank, And many more—highlighting the strength and growth of this trade area. This is A rare opportunity to acquire a stabilized, newly constructed retail asset in one of Central texas’ fastest-growing submarkets.
Located in an income tax Free state
Premium location directly Across from hutto high School and hutto memorial Stadium
Each tenant pays 4% of the Aggregate rental due for a Management fee
Investment highlights
- Tenants: freebirds & animal hospital of hutto
- Net operating income : $201,250
- Cap rate : 5.60%
- Sale price : $3,595,000
- Lease type: nnn
- Year built: 2025
- Building size: +/-5,000 sf
- Land size: +/-0.97 acres
- Ownership type: fee simple
- Located in an Income Tax Free State
- Premium Location directly across from Hutto High School and Hutto Memorial Stadium
- Each Tenant pays 4% of the Aggregate Rental Due for a Management Fee
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