This is an excellent opportunity to own an income-producing commercial property with a strong lessee and long-term occupancy and payment history! This great property is being sold with a 'triple net' lease from current tenant, which has been in the building since 2002. The current lease renewal began in 11/22 and is for a period of five (5) years. The tenant has an option for two (2) more renewal periods of five years, with approximately 5% lease increases for these renewal periods. Approximately 1.75 acres total with Whitman Branch creek running through the undeveloped back half.
MLS# | 9749991 |
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Listing Type | For Sale |
Style | Farm or Ranch |
Sub-Type | Resale |
Status | Active |
Days On Site | 29 |
Listing Provided By | Keller Williams - Lake Travis | Bob01 Clifton |
Acreage | 1.75 |
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Water Front | Yes |
Property View | Creek, Stream |
State | TX |
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County | Burnet |
City | Marble Falls |
Zip Code | 78654 |
Area | BU |
Community Name | Hi Ridge Trails |
School District | Marble Falls |
Elementary School | Marble Falls |
Middle School | Marble Falls |
High School | Marble Falls |
Listing VS Median (in Hi Ridge Trails) | |
Price: $849,900 low | high Med: $849,900 On Site: 29 low | high Med: 110.000000 |