1245 Us HwyLeander, TX 78641

Property Details for 1245 Us Hwy

Year built

2024

Lot size

0.55 AC

Property size (Sq ft)

664 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 664 square foot Scooter's Coffee located in Leander, Texas. Situated on a 0.55-acre lot at 1245 N US Hwy 183, this property boasts a prime outparcel location within the Gateway at Leander shopping center, benefiting from high visibility and traffic counts (29,989 vehicles per day on Highway 183). The property is adjacent to major retailers including Lowe's, Kohl's, Planet Fitness, and several fast-food restaurants. The 10-year absolute NNN ground lease commenced October 1, 2024, and includes a 10% rent increase every five years, minimizing landlord responsibilities and offering significant inflation protection. The lease features a personal guarantee from a multi-unit franchisee, further enhancing security. Built in 2024, the property incorporates Scooter's Coffee's latest drive-thru prototype, featuring seven parking spaces and designed to handle high customer volume. The property's location within the rapidly growing Austin MSA, specifically Leander, benefits from a strong demographic profile with an average household income exceeding $143,000 within a three-mile radius. The property is zoned C4 - Commercial and has a Williamson County APN of R489772. The lease includes three, five-year renewal options, extending the investment potential well into the future. The asking price is $1,250,000, representing a 6.00% cap rate and a price per square foot of $1,882.53. This presents a compelling opportunity for investors seeking a stable, long-term, passive income stream in a high-growth market. The Net Operating Income (NOI) is $75,000.

Location Insight

City

Leander

County

Williamson

State

Texas

Latitude

30.5626

Longitude

-97.8461

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