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1710 S Colorado St

Lockhart, TX 78644

$3,250,000

Freestanding For Sale  •  25,412 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 25,412 Sq Ft
  • Lot Size 0.6 ac
  • Building Class C
  • Year Built 1986
  • Cap Rate 7.16 %
  • Tenancy Multiple
0 Transit Score
38 Walk Score

Description

Pad site available to be sold or developed for additional income, as a value add part of the acquisition.
67% national brand tenancy on staggered lease expirations.
At $127.89 PSF, priced well below replacement cost.
With the opening of the SH-130 tollroad, Lockhart is poised for explosive growth.

Highlights

Pad site available to be sold or developed for additional income
67% national brand tenancy on staggered lease expirations.
With the opening of the SH-130 tollroad, Lockhart is poised for explosive growth.
Lockhart is just 20 minutes from Austin, 30 minutes from San Antonio and 15 minutes to I-10 (highway to Houston).
Traffic Counts: US Highway183 South: 16,998 VPD (TXDOT 2015)

Financial Summary (Actual)

Net Operating Income: $252,229 (2017)
Cap Rate: 7.16 %

Major Tenants

Tenant SF Occupied Lease End Date
101 - Security Finance 800 SF 9/30/2020
102 - Hibbett Sports 5,011 SF 9/30/2021
105 - Anytime Fitness * 5,289 SF 12/31/2022
106 - Beauty Nails 1,500 SF 9/30/2022
107 - China Palace 2,490 SF 10/31/2021
109 - Boost Mobile 1,577 SF 2/28/2019
112 - Factory Connection * 4,466 SF 9/30/2018
114 - Guadalajara 4,279 SF 11/30/2023

Amenities

  • Pylon Sign
  • Signage

Public Transportation

AirportDriveWalkDistance
Austin-Bergstrom International Airport 27 min - 25.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 68
Type: Surface
Included in Rent: Yes
Phil Morris 512-474-5557 Retail Solutions
Phil Morris 512-474-5557 Retail Solutions