5140 Farm To Market 1626Kyle, TX 78640

Property Details for 5140 Farm To Market 1626

Year built

2023

Lot size

1.05 AC

Property size (Sq ft)

6,975 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a newly constructed, single-story, 6,975 square foot retail building situated on a 1.049-acre lot in Kyle, Texas, within the Austin MSA. The property boasts 100% occupancy with two established franchise tenants: Crust Pizza Co. and Snooze, an A.M. Eatery, operating under a triple-net (NNN) lease with a remaining term of 10 years. The lease includes a 10% rent bump every five years, ensuring consistent income growth. The building, constructed in 2023, offers a strong pro-forma NOI of $285,920 and a pro-forma cap rate of 5.50%. The asking price is $5,198,545. Located at 5140 Farm to Market 1626, Kyle, TX 78640, this property benefits from its strategic location near major thoroughfares, including IH-35, and its proximity to established retailers such as Target, Kohl's, and HEB Plus!, as well as Plum Creek, a large master-planned community. The property's high visibility and strong tenant mix make it an attractive investment for discerning buyers seeking a stable, high-performing retail asset in a rapidly growing market. Lease options are available.

Location Insight

City

Kyle

County

Hays

State

Texas

Latitude

30.0161

Longitude

-97.8672

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