CHICKEN EXPRESS - NEW 15 YEAR LEASE FOR SALE 230 E Hwy 290 | Dripping Springs, TX 78620 512 682 1000 Nick Nelson, CCIM 3737 Executjve Center Dr., Suite 255 nick@cipaustjn.com Austjn, TX 78731 cipaustjn.com
For Sale: SINGLE TENANT ASSET IN AUSTIN MSA SUMMARY 230 E Hwy 290 | Dripping Springs, TX 78620 PROPERTY HIGHLIGHTS: • Next to Home Depot and HEB grocery anchored shopping center • Positjve and consistent annual sales growth (10% Gross Sales to Base Rent) • Experienced Franchise • High growth residentjal area (over 10,000 new residentjal lots) • Great school district - Dripping Springs ISD GROSS LEASABLE AREA: 3,324 SF Rent Schedule Annual Base Rent LOT SIZE: 1.312 ACRES Year 1-5 $144,000 YEAR BUILT: 2014 Year 6-10 $151,200 SALE PRICE: $2,100,000 Year 11-15 $158,760 CAP RATE: 6.85% main 512 682 1000 | fax 512 682 1031 cipaustjn.com For More Informatjon Contact: Nick Nelson, CCIM Senior Vice President nick@cipaustjn.com | 512 682 1006 512 682 1000 All informatjon furnished regarding this property is from sources deemed reliable; however, CIP Austjn has not made an independent investjgatjon of these sources and no warranty or representatjon is made by CIP Austjn as to the accuracy thereof and same is submitued 3737 Executjve Center Dr., Suite 255 subject to errors, omissions, change of price, rental or other conditjons, prior sale, lease or withdrawal from market without notjce. CIP Austjn further has not made and shall not make any warranty or representatjons as to the conditjon of the property nor the presence of any hazardous Austjn, TX 78731 substances or any environmental or other conditjons that may afgect the value or suitability of the property. cipaustjn.com
For Sale: SINGLE TENANT ASSET IN AUSTIN MSA TENANT PROFILE 230 E Hwy 290 | Dripping Springs, TX 78620 Chicken Express was fjrst opened in 1988 in Benbrook, TX as one of the fjrst fast food chicken delivery services. Over the years, business expanded to more than 200 locatjons in Texas, Arkansas, Georgia, Oklahoma, and Louisiana. 512 682 1000 All informatjon (Informatjon) provided or depicted on this map and or aerial photograph has been obtained from third party sources deemed reliable. However, neither CIP Austjn nor any of its brokers, agents, employees, offjcers, directors or affjliated companies (collectjvely, CIP Austjn and Related Partjes) have made an independent investjgatjon of the Informatjon or the Informatjon sources, and no warranty or 3737 Executjve Center Dr., Suite 255 representatjon is made by CIP Austjn and Related Partjes as to the accuracy of such Informatjon. The Informatjon is submitued subject to the Austjn, TX 78731 possible errors or omissions, and no person or organizatjon should rely on the Informatjon, unless such person or organizatjon has conducted an independent investjgatjon to confjrm the accuracy thereof. cipaustjn.com
For Sale: SINGLE TENANT ASSET IN AUSTIN MSA AREA MAP 230 E Hwy 290 | Dripping Springs, TX 78620 12 Dripping Dripping Springs Springs ISD ISD The Commons The Commons Shopping Center Shopping Center Dripping Dripping Springs Springs City Hall City Hall 290 31,572 Vehicles Per Day (2018 TXDOT) 31,572 Vehicles Per Day (2018 TXDOT) SUBJECT 512 682 1000 All informatjon (Informatjon) provided or depicted on this map and or aerial photograph has been obtained from third party sources deemed reliable. However, neither CIP Austjn nor any of its brokers, agents, employees, offjcers, directors or affjliated companies (collectjvely, CIP Austjn and Related Partjes) have made an independent investjgatjon of the Informatjon or the Informatjon sources, and no warranty or 3737 Executjve Center Dr., Suite 255 representatjon is made by CIP Austjn and Related Partjes as to the accuracy of such Informatjon. The Informatjon is submitued subject to the Austjn, TX 78731 possible errors or omissions, and no person or organizatjon should rely on the Informatjon, unless such person or organizatjon has conducted an independent investjgatjon to confjrm the accuracy thereof. cipaustjn.com
INFOGRAPHIC For Sale: SINGLE TENANT ASSET IN AUSTIN MSA 15 MIN 230 E Hwy 290 | Dripping Springs, TX 78620 DRIVE TIME Market Growth Dashboard 2018 Age: 5 Year Increments (Esri) 2019 Total Housing Units (Esri) 2024 Total Housing Units (Esri) 85 80-84 75-79 12,788 15,433 70-74 65-69 60-64 55-59 50-54 Age Group Population Detail 45-49 40-44 35-39 30-34 25-29 20-24 15-19 10-14 6,251 29,488 8,781 5-9 0-4 2018 Millennial 2018 Total Daytime 2018 Baby Boomer Population (Born Population Population (Born 0 1,000 2,000 3,000 1981 to 1998) (Esri) 1946 to 1964) (Esri) Average Travel Time to Work Population Count INCOME EDUCATION 5% 145,401 $51,463 1,958,365 100% 2019 Average Per Capita Income 2019 Average Net 26% No High Household Worth (Esri) School Income (Esri) < 5 min 219 Some College Diploma 13% 56% 5-9 min 813 106,825 1,314,048,659 25-29 min 814 High School Bachelor's/Grad/Prof 10-14 min 861 2019 Average Disposable 2019 Aggregate Disposable Degree 15-19 min 899 Graduate Income (Esri) Income 20-24 min 936 512 682 1000 All informatjon (Informatjon) provided or depicted on this map and or aerial photograph has been obtained from third party sources deemed reliable. However, neither CIP Austjn nor any of its brokers, agents, employees, offjcers, directors or affjliated companies (collectjvely, CIP Austjn and Related Partjes) have made an independent investjgatjon of the Informatjon or the Informatjon sources, and no warranty or 3737 Executjve Center Dr., Suite 255 representatjon is made by CIP Austjn and Related Partjes as to the accuracy of such Informatjon. The Informatjon is submitued subject to the Austjn, TX 78731 possible errors or omissions, and no person or organizatjon should rely on the Informatjon, unless such person or organizatjon has conducted an independent investjgatjon to confjrm the accuracy thereof. cipaustjn.com
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