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$4,610,280
Est. payment /mo
8,952 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 8,952 sqft
Price per Sqft $515
Subdivision Sawyer Ranch Crossing Condo Lt 2A
MLS Listing ID 2181995
Year Built 2024
Annual Tax Amount $20,412
Tax Year 2025
Lot Size 6.699 Acres
Acres 6.6989
Property Sub-Type Office
Source actris
Property Description
Sands Investment Group is pleased to exclusively offer for sale the 8,952 SF Action Behavior Center NN Asset located at 13341 Hwy 290 in Austin, TX. The property is leased to Action Behavioral Centers under a 7-year corporate lease, with 5+ years remaining and two 5-year renewal options. The lease features 3% annual rent escalations, providing a built-in hedge against inflation and a secure, long-term investment opportunity.
Corporate Lease: Corporate lease to Action Behavioral Centers with 5+ years remaining on the term and 2, 5-year options to renew.
Rent Increases: Hedge against inflation with 3% annual rent escalations throughout the term.
Double Net (NN) Lease Structure: The tenant is responsible for all taxes, insurance, and common area maintenance, including condo owner fees. The only landlord responsibilities are the roof and structure.
Exceptionally High Growth Area in Austin MSA: 6.9% annual population growth (2020-2024) with a forecast of 6.4% (2024-2029).
Affluent Market: The average household income is $192,601 within 3 miles of the site, over 230% of the national average.
Prime Traffic Exposure: Strong traffic count of over 32,000 VPD on TX 360.
No Deferred Maintenance: Newly built with top-quality construction in 2024.
Strong Growing Corporate Tenant: Action Behavior Centers is a leading provider of ABA therapy for autism, with 398 locations in 16 states. ABC was valued at $840M and had adjusted earnings of $60M in 2022 with only 65 locations at the time.
Corporate Lease: Corporate lease to Action Behavioral Centers with 5+ years remaining on the term and 2, 5-year options to renew.
Rent Increases: Hedge against inflation with 3% annual rent escalations throughout the term.
Double Net (NN) Lease Structure: The tenant is responsible for all taxes, insurance, and common area maintenance, including condo owner fees. The only landlord responsibilities are the roof and structure.
Exceptionally High Growth Area in Austin MSA: 6.9% annual population growth (2020-2024) with a forecast of 6.4% (2024-2029).
Affluent Market: The average household income is $192,601 within 3 miles of the site, over 230% of the national average.
Prime Traffic Exposure: Strong traffic count of over 32,000 VPD on TX 360.
No Deferred Maintenance: Newly built with top-quality construction in 2024.
Strong Growing Corporate Tenant: Action Behavior Centers is a leading provider of ABA therapy for autism, with 398 locations in 16 states. ABC was valued at $840M and had adjusted earnings of $60M in 2022 with only 65 locations at the time.
Location
State TX
County Hays
Zoning No zoning ETJ
Interior
Heating See Remarks
Cooling See Remarks
Flooring See Remarks
Fireplace No
Exterior
Utilities Available See Remarks
View Hill Country
Total Parking Spaces 45
Building
Story 1
Foundation Slab
Sewer Shared Septic
Water Public
Structure Type Frame,Stone,Stucco
New Construction Yes
Others
Special Listing Condition Standard
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Listed by Burt Dement Real Estate LLC
NEARBY SCHOOL & BUSINESS
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