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Single-Tenant Office Medical

Access Health Urgent Care | Austin MSA | 15 Year Absolute Net Lease | Brand New 2022 Construction

1701 S Colorado St, Lockhart (Austin MSA), TX 78644

Listing Price: $2,521,739

Cap Rate
5.75%
Tenant Name
Access Health Urgent Care
Years Remaining On Lease
14.9
Gross SF
3,003
Guarantor
Corporate Guarantee
Rentable SF
3,003
Price/Gross SF
$839.74
Lease Type
Absolute Net
Rent Per Square Feet
$48.29

Investment Overview

Lockhart is a city and the county seat of Caldwell County, Texas. Located near central Texas, the city is 30 miles south of downtown Austin on U.S. Highway 183, 70 miles northeast of San Antonio and 156 miles west of Houston. Caldwell County is part of the Greater Austin metropolitan area. The Austin–Round Rock–San Marcos metropolitan statistical area (or Greater Austin) is a five-county metropolitan area in the U.S. state of Texas, as defined by the Office of Management and Budget. The metropolitan area is situated in Central Texas on the western edge of the American South and on the eastern edge of the American Southwest, and borders Greater San Antonio to the south. As of the 2020 U.S. census, the Austin–Round Rock–Georgetown MSA is the 28th largest metropolitan area in the United States, with a total population of 2,352,426. The metropolitan area is centered on the City of Austin—the fourth-largest city in Texas and the 11th-largest city in the United States with a population of 1,028,220 people. Austin’s largest suburbs are Round Rock, Cedar Park, Georgetown, San Marcos and Pflugerville.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) with Annual Rental Increases Starting in Year 2 throughout the Initial Term and CPI Annual Adjustments at Each Option.
  • Brand Brand New High Quality Construction. Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 21k Vehicles.
  • Surrounded by Numerous Medical Offices, Nursing Homes & Clinics including DaVita Lockhart Dialysis, Fresenius Kidney Care Lockhart, Golden Age Home and more.
  • Walking Distance from Lockhart High School, with an Enrollment of 1,750+ Students.
  • In Close Proximity to Lockhart Municipal Airport - serves Lockhart and Caldwell County and is owned by the City of Lockhart.

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 2022 Construction

Listing Price: $2,521,739

Cap Rate
5.75%
Tenant Name
Access Health Urgent Care
Years Remaining On Lease
14.9
Gross SF
3,003
Guarantor
Corporate Guarantee
Rentable SF
3,003
Price/Gross SF
$839.74
Lease Type
Absolute Net
Rent Per Square Feet
$48.29

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) with Annual Rental Increases Starting in Year 2 throughout the Initial Term and CPI Annual Adjustments at Each Option.
  • Brand Brand New High Quality Construction. Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 21k Vehicles.
  • Surrounded by Numerous Medical Offices, Nursing Homes & Clinics including DaVita Lockhart Dialysis, Fresenius Kidney Care Lockhart, Golden Age Home and more.
  • Walking Distance from Lockhart High School, with an Enrollment of 1,750+ Students.
  • In Close Proximity to Lockhart Municipal Airport - serves Lockhart and Caldwell County and is owned by the City of Lockhart.

Investment Overview

Lockhart is a city and the county seat of Caldwell County, Texas. Located near central Texas, the city is 30 miles south of downtown Austin on U.S. Highway 183, 70 miles northeast of San Antonio and 156 miles west of Houston. Caldwell County is part of the Greater Austin metropolitan area. The Austin–Round Rock–San Marcos metropolitan statistical area (or Greater Austin) is a five-county metropolitan area in the U.S. state of Texas, as defined by the Office of Management and Budget. The metropolitan area is situated in Central Texas on the western edge of the American South and on the eastern edge of the American Southwest, and borders Greater San Antonio to the south. As of the 2020 U.S. census, the Austin–Round Rock–Georgetown MSA is the 28th largest metropolitan area in the United States, with a total population of 2,352,426. The metropolitan area is centered on the City of Austin—the fourth-largest city in Texas and the 11th-largest city in the United States with a population of 1,028,220 people. Austin’s largest suburbs are Round Rock, Cedar Park, Georgetown, San Marcos and Pflugerville.

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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