• Approximately 3.2 Acres (139,392 SF)
• Located on the northeast corner of County Road 138 and FM 685 (SH 130 Expy)
• In ETJ of City of Hutto, Williamson County, Texas
• Water on Site; Sewer approximately 2/3 Blocks East on C.R. 138
• Old house on site to be demolished
Annual Lease
• $1,900 per month for use of the land and small office.
• Multiple commercial uses. Possible BBQ, Taco/Coffee or?
NNN Ground Lease Terms
• For 25 to 50 year initial term, plus three (3) ten year extensions
• Land Value: $12.00 per square foot
• Capitalization Rate: 8.5% = Reduced Annual Rent for first 3 years (see below)
• Security deposit prior to construction: $25,000 upon lease signing
• Security deposit increases to $50,000 upon completion of construction
• Approval of Lessor's financial statements and IRS Tax returns for the previous three (3) years will be required prior to further negotiations
Land Rent Increases:
• 5% increase at 3-year intervals for life of lease
• Monthly rent for first 12 months: $3,000.00 NNN
• Monthly rent for second 12 months: $7,500.00 NNN
• Monthly rent for third 12 months: $9,000.00 NNN
• Monthly rent after first 3 years: $11,848.00 NNN
Marketing Flyer Location Map
• Approximately 10.1 Acres (440,000 SF)
• Located on the northeast corner of the new S. McColl Road and W. Thomas Drive, Hidalgo County, McAllen, TX
• 307.44’ Frontage on McColl Road with curb, gutter and cut for driveway access.
• 1,440’ Frontage on Thomass Road with multiple driveway access.
• Drainage District #2 is currently plan ning the relocation of the strom drainage currently along Thomas Road to a site off of this property but with a 75 ft. wide proposed drain ditch at the far east end of the properrty. McAllen City water and sewer to be available in 2014.
Sale Price: $675,000
Terms may be arranged with approved credit of 50% down and the balance paid over 3 years.
Marketing Flyer Plat Map Location Map
