TITLE:
8% Cap Rate brand new NNN lease in Austin area
CONTROL:
Exclusive
VALUE:
$2,900,000
LOAN:
$2,700,000
EQUITY:
$200,000
TYPE:
Retail/Commercial
HAVE:
8% Cap rate, Brand new 10 Year NNN deal through a sale lease-back, located 2 blocks from Warren Buffets 1M sq ft Nebraska Furniture and Vegas Styled Ferris wheel Scheels with 76 stores. Major Mixed use development. Strong local operator and concept.
ADDRESS:
1801 Clover Ln, Cedar Park, Texas
BENEFITS TO NEW OWNER:
8% mailbox money, strong local credit, located in a very strong market. Newer building built very well and in excellent condition.
OTHER FILES:
GROSS SCHEDULED INCOME:
$232,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$232,000
EXPENSES:
$0
NOI:
$232,000
DEBT SERVICE:
$0
CASH FLOW:
$232,000
CAP RATE:
8.00%
BENEFITS SOUGHT:
The sale-leaseback takes out their debt so they can expand their concept
CAN ADD:
Additional 2.58 of pad site land ready for development- will JV or seller finance- $12 psf value
COUNSELOR:
Janice Landers
Resolut RE
901 S Mopac expressway
Austin, Texas, 78746
Cell: 817-891-1372
Email janice@resolutre.com
