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Single-Tenant Office Medical

Access Health Urgent Care | Austin MSA | 15 Year Absolute Net Lease | Brand New 2023 Construction

440 Chris Kelley Blvd, Hutto (Austin MSA), TX 78634

Listing Price: $2,710,280

Cap Rate
5.35%
Tenant Name
Access Health Urgent Care
Years Remaining On Lease
15.6
Gross SF
3,003
Guarantor
Corporate Guarantee
Rentable SF
3,003
Price/Gross SF
$902.52
Lease Type
Absolute Net
Rent Per Square Feet
$48.29

Investment Overview

Hutto is a growing community in the Texas Hill Country and consistently has been hailed as one of the BEST suburbs of Austin, and is one of the fastest growing cities in America. It is part of the Austin–Round Rock metropolitan area. The City of Hutto has been recognized as one of the best places to raise a Family, #7 in the 50 Safest Cities in Texas, #1 Austin Suburb for young couples and many more. Austin’s economy is firing on all cylinders, and employment growth along with favorable demographic trends should further advance the area’s retail market this year.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) with Favorable Annual Rental Increases throughout the Initial Term and CPI Annual Adjustments at Each Option. Brand New 2023 Construction.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 20k Vehicles. Near US-79 W (35k+ VPD) & Hwy-130 (51k+).
  • The City of Hutto has been Consistently Ranked as one of the Fastest Growing Communities in Texas - Population has seen a 90.1% Increase since the 2010 Census.
  • Densely Populated & Affluent Area: Features an Average Household Income of more than $120k within a 3-Mile Radius and 152k+ People Residing within a 5-Mile Radius. Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • In Close Proximity to Numerous National Retailers including The Home Depot, Lowe's, Walgreens, CVS Pharmacy, Sewly Decor and many more.
  • Near Carmel Creek - a Brand New Mixed-Use Development - will feature Residential, Retail, Restaurants and Medical Options.
  • Located Across from Hutto High School, with an Enrollment of 2,405+ Students and near Texas State Technical College (1,500+ Students).
  • Walking Distance from Hutto Memorial Stadium - $18M+ Renovations made to the Stadium, increasing Seating Capacity from 4,700 to 10,000. It will Host Numerous kinds of Sporting Events.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Single-Tenant Office Medical

Access Health Urgent Care | Austin MSA | 15 Year Absolute Net Lease | Brand New 2023 Construction

Listing Price: $2,710,280

Cap Rate
5.35%
Tenant Name
Access Health Urgent Care
Years Remaining On Lease
15.6
Gross SF
3,003
Guarantor
Corporate Guarantee
Rentable SF
3,003
Price/Gross SF
$902.52
Lease Type
Absolute Net
Rent Per Square Feet
$48.29

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) with Favorable Annual Rental Increases throughout the Initial Term and CPI Annual Adjustments at Each Option. Brand New 2023 Construction.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 20k Vehicles. Near US-79 W (35k+ VPD) & Hwy-130 (51k+).
  • The City of Hutto has been Consistently Ranked as one of the Fastest Growing Communities in Texas - Population has seen a 90.1% Increase since the 2010 Census.
  • Densely Populated & Affluent Area: Features an Average Household Income of more than $120k within a 3-Mile Radius and 152k+ People Residing within a 5-Mile Radius. Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • In Close Proximity to Numerous National Retailers including The Home Depot, Lowe's, Walgreens, CVS Pharmacy, Sewly Decor and many more.
  • Near Carmel Creek - a Brand New Mixed-Use Development - will feature Residential, Retail, Restaurants and Medical Options.
  • Located Across from Hutto High School, with an Enrollment of 2,405+ Students and near Texas State Technical College (1,500+ Students).
  • Walking Distance from Hutto Memorial Stadium - $18M+ Renovations made to the Stadium, increasing Seating Capacity from 4,700 to 10,000. It will Host Numerous kinds of Sporting Events.

Investment Overview

Hutto is a growing community in the Texas Hill Country and consistently has been hailed as one of the BEST suburbs of Austin, and is one of the fastest growing cities in America. It is part of the Austin–Round Rock metropolitan area. The City of Hutto has been recognized as one of the best places to raise a Family, #7 in the 50 Safest Cities in Texas, #1 Austin Suburb for young couples and many more. Austin’s economy is firing on all cylinders, and employment growth along with favorable demographic trends should further advance the area’s retail market this year.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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