10802 Us-290Manor, TX 78653

Property Details for 10802 Us-290

Year built

2022

Lot size

0.24 AC

Property size (Sq ft)

1,489 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a fee-simple, 1,489 square foot retail property located at 10802 US-290, Manor, TX 78653, in Travis County. The property is currently 100% occupied by LoanStar Title Loans under an absolute NNN lease with a remaining term of approximately 7.8 years, expiring August 30, 2032. The lease commenced August 25, 2022, and includes a 10-year initial term with a 5-year option. Rent increases are built in, with a 3.5% increase on September 1, 2027. The property boasts a strong 6.75% cap rate and a net operating income (NOI) of $87,000. Built in 2022, this single-story building sits on a 0.24-acre lot. The property benefits from its strategic location, enjoying high traffic counts exceeding 56,442 vehicles per day on Hwy 290. The surrounding area demonstrates significant growth potential, with a 5-mile population of approximately 54,107 residents and an estimated population growth of 31.34% over the next five years. The property's proximity to Manor High School and Middle School, along with Manor New Tech High and Middle School, further enhances its appeal. The average household income within a 3-mile radius is $92,745 annually. This is a credit-rated tenant with a corporate guarantee, offering significant security and peace of mind for the investor. The asking price is $1,288,888.

Location Insight

City

Manor

County

Travis

State

Texas

Latitude

30.3487

Longitude

-97.562

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