High Cap Rate Investment Opportunity: South Austin Emergency Center for Sale with NNN Lease until 2033
Insane Cap Rate of 6.3% in a Stable Commercial Real Estate Investment
A commercial property in South Austin is now available for sale, offering an annual rental income of $500,760. The tenant is an emergency center in Austin that has signed a long-term lease lasting until November 2033. Medical properties are known for their lengthy lease terms and stable income, providing resilience against economic fluctuations.
As per the triple-net (NNN) lease agreement, the tenant is responsible for land tax, insurance, utilities, roof and structural maintenance, and public management fees. This significantly reduces the owner’s holding costs and simplifies property management.
Property Overview
- Property Area: 9,644 SQFT
- Land Area: 1.43 Acres
- Year Built: 2013
- Lease: Until November 2033
- Annual Rental Growth: Adjusted according to the annual CPI index
- Total Price: $7,950,000
- Unit Price: $824.35/SQFT
- Net Operating Income (NOI): $500,760
- Cap Rate: 6.3%
Prime Location and Surrounding Demographics
The emergency center is conveniently situated in the main residential area of South Austin, just over 30 minutes from downtown. Within a 15-minute radius, there are numerous amenities, including HEB, Costco, gas stations, business districts, and shopping centers. The property is located near a major thoroughfare, providing easy access to transportation and ample parking spaces.
Seize this exceptional opportunity to invest in Austin’s commercial real estate market – contact us for more details!
