The property is a 4.5 acre tract of land, developed into a 37,000 square foot multi-tenant specialty medical office building located in one of the fastest growing communities just west of Austin, Dripping Springs. The property is situated at the corner of Sawyer Ranch Road and 290 West, an area with very strong demographics and need for premier medical space. Traffic counts on 290 West are growing each year as more people want to live outside of the Austin city limits. This area is often called “The gateway to the hill country”. The large master planned communities of Belterra, Polo Club, and Ledgestone exist in close proximity to this property, all of which house upper income families in need of medical care close to home.
Property Description:
- 100% Leased
- Year Developed: 2014
- New construction Class A – 37,000 square steel framed and stucco
- Core Lease Terms : $24 NNN with 3% annual rental increases
- Terms: 10-year leases, with 2 (5) Year options
- Located West of Austin in the community of Dripping Springs with 4th highest wealth per capital in Austin
Anchor Tenants:
- Lewis Urgent Care
- Orthopedics
- Ophthalmology
