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Shopping Strip

The Landing on Lake Marble Falls

101 US-281, Marble Falls, TX 78654

Listing Price: $5,557,000

Cap Rate
6.58%
Gross SF
20,240
Rentable SF
20,240
Price/Gross SF
$274.56
Lot Size
1.66 acres
Year Built
2007

Investment Overview

The Landing on Lake Marble Falls is a 20,240-square-foot, multi-tenant retail center located in the heart of the Texas Hill Country in Marble Falls, Texas. The center is 94 percent occupied and 89 percent of the gross leasable area has triple-net leases. The offering is comprised of of two buildings; one multi-tenant, two story building and one single-tenant building. The tenant base is a complementary mix of retail, office, and medical tenants including Merrill Lynch, Edward Jones, Lakeside Children's Dentistry, Brink Bennett Flaherty, PLLC, Simply Viet House, Creative Roots Salon, Nail Lounge, LFS Technologies, Beltone, Bank of America, Jamail Development Group, and Tyler Dunkelberger. The center was constructed in 2007 and is situated on a 1.66-acre parcel. The subject property is located on US Highway 281 near the intersection of US Highway 281 and 2nd Street. Traffic counts in front of the property are approximately 28,100 vehicles per day. The center is located one block from the Colorado River is near many local restaurants and retailers. The Landing at Lake Marble Falls is also in close proximity to many national retailers including CVS Pharmacy, Starbucks Coffee, Chili's, Hampton Inn, Which Wich, Subway, Dollar Tree, Burger King, Valero, The Home Depot, AutoZone, Dollar General, H-E-B Grocery, O'Reilly Auto Parts, Whataburger, Tractor Supply Co., and more. The average household income within five-miles is $72,461 and the five-mile population is 13,042 residents.

Investment Highlights

  • 20,240-Square-Foot, Multi-Tenant Retail Center
  • 94% Occupied | 89% of the Gross Leasable Area has Triple-Net Leases
  • Comprised of Two Buildings | Building One is a Two-Story Building Totaling 15,680 Square Feet | Building Two is a Single-Tenant Building Leased to Lakeside Children's Dentistry
  • Tenant Base is a Complementary Mix of Retail, Office, and Medical Tenants
  • Located on US Highway 281 | High Traffic Counts of 28,100 Vehicles per Day
  • Serves a Trade Area Population of Approximately 75,100 People

Exclusively Listed By

Shopping Strip

The Landing on Lake Marble Falls

Listing Price: $5,557,000

Cap Rate
6.58%
Gross SF
20,240
Rentable SF
20,240
Price/Gross SF
$274.56
Lot Size
1.66 acres
Year Built
2007

Investment Highlights

  • 20,240-Square-Foot, Multi-Tenant Retail Center
  • 94% Occupied | 89% of the Gross Leasable Area has Triple-Net Leases
  • Comprised of Two Buildings | Building One is a Two-Story Building Totaling 15,680 Square Feet | Building Two is a Single-Tenant Building Leased to Lakeside Children's Dentistry
  • Tenant Base is a Complementary Mix of Retail, Office, and Medical Tenants
  • Located on US Highway 281 | High Traffic Counts of 28,100 Vehicles per Day
  • Serves a Trade Area Population of Approximately 75,100 People

Investment Overview

The Landing on Lake Marble Falls is a 20,240-square-foot, multi-tenant retail center located in the heart of the Texas Hill Country in Marble Falls, Texas. The center is 94 percent occupied and 89 percent of the gross leasable area has triple-net leases. The offering is comprised of of two buildings; one multi-tenant, two story building and one single-tenant building. The tenant base is a complementary mix of retail, office, and medical tenants including Merrill Lynch, Edward Jones, Lakeside Children's Dentistry, Brink Bennett Flaherty, PLLC, Simply Viet House, Creative Roots Salon, Nail Lounge, LFS Technologies, Beltone, Bank of America, Jamail Development Group, and Tyler Dunkelberger. The center was constructed in 2007 and is situated on a 1.66-acre parcel. The subject property is located on US Highway 281 near the intersection of US Highway 281 and 2nd Street. Traffic counts in front of the property are approximately 28,100 vehicles per day. The center is located one block from the Colorado River is near many local restaurants and retailers. The Landing at Lake Marble Falls is also in close proximity to many national retailers including CVS Pharmacy, Starbucks Coffee, Chili's, Hampton Inn, Which Wich, Subway, Dollar Tree, Burger King, Valero, The Home Depot, AutoZone, Dollar General, H-E-B Grocery, O'Reilly Auto Parts, Whataburger, Tractor Supply Co., and more. The average household income within five-miles is $72,461 and the five-mile population is 13,042 residents.

Exclusively Listed By

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