1511 Main StFredericksburg, TX 78624

This exceptional investment opportunity presents a brand-new, 2,403 square foot HTeaO location in Fredericksburg, Texas. Situated on a hard corner at the signalized intersection of E Main St (US Highway 290) and Friendship Ln, this property benefits from high visibility and convenient access. The 15-year absolute NNN lease boasts 1.5% annual rent increases and is backed by both entity and personal guarantees from a seasoned franchisee with a proven track record of exceeding systemwide averages. The property is part of a thriving commercial area with over 950 single-family homes and 1,200 multi-family units within a 1-mile radius, and enjoys proximity to a Walmart Supercenter, numerous schools, and the Gillespie County Fairgrounds. Fredericksburg's robust tourism industry, driven by over 100 wineries and 5 million annual visitors, further enhances the property's value. The building was constructed in 2024 and sits on a 29,925 square foot lot. The current Net Operating Income (NOI) is $144,000, representing a 6.00% cap rate and a price per square foot of $998.75. The lease includes three five-year renewal options, ensuring long-term stability and predictable income growth. This is a fee-simple ownership opportunity with 100% occupancy and significant upside potential in a rapidly growing region. The average household income within a 3-mile radius exceeds $122,000. The property's strategic location, coupled with the strength of the tenant and lease terms, makes this an attractive investment for discerning buyers.