1801 Clover Ln - Splash Shack Lease-Back Investment Sale
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1801 Clover Ln - Splash Shack Lease-Back Investment Sale
9,310 SF Sports & Entertainment Building Offered at $2,900,000 at a 6.86% Cap Rate in Cedar Park, TX 78613
Executive Summary
Year 5- 10% base rent increase $20.67 per sq ft- ($218,678.02 base rent, 7.54% Cap rate).
Absolute Net- tenant pays all expenses.
3- 5 year options to renew- 10% increase per 5-year term.
Personal Guarantee
Option to buy back building at market rate
Absolute Net- tenant pays all expenses.
3- 5 year options to renew- 10% increase per 5-year term.
Personal Guarantee
Option to buy back building at market rate
Property Facts
Price | $2,900,000 | Property Subtype | |
Price Per SF | $311 | Lot Size | 1.74 AC |
Sale Type | Investment | Building Size | 9,310 SF |
Cap Rate | 6.86% | No. Stories | 1 |
Property Type | Sports & Entertainment | Year Built | 2018 |
Price | $2,900,000 |
Price Per SF | $311 |
Sale Type | Investment |
Cap Rate | 6.86% |
Property Type | Sports & Entertainment |
Property Subtype | |
Lot Size | 1.74 AC |
Building Size | 9,310 SF |
No. Stories | 1 |
Year Built | 2018 |
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PROPERTY TAXES
Parcel Number | R559576 | Improvements Assessment | $1,439,824 |
Land Assessment | $1,299,338 | Total Assessment | $2,739,162 |
PROPERTY TAXES
Parcel Number
R559576
Land Assessment
$1,299,338
Improvements Assessment
$1,439,824
Total Assessment
$2,739,162
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1801 Clover Ln - Splash Shack Lease-Back Investment Sale
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