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Views: 78 DOM: 27 Updated: 10.04.24 Posted: 09.13.24 Status: Active

Summary

Price $13,843,000
Built/Renov 2024
Tenant Keystone Bank HQ
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 22,662
Lease Start 12-01-2023
#Units 3
Price/SF $610.85
Expiration 12-01-2035
Tenant Type Bank/Financial
NOI $830,562
R. Term 11.1
Ownership Fee Simple
Rent/SF $36.65
Increases 2.0%/1/yrs
Pop 5Mi 65,046
Lot/AC 2.57
Options 3/5yrs/2%
AHHI 5Mi $239,660

Lease Highlights

  • Brand new 2024 construction | Refinded interior buildout w/ stunning finishes
  • Keystone Bank has 11 years remaining on the current lease term with 3 (5-year) options to extend

  • The lease features 2% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Keystone Bank Headquarters is strategically located at the signalized, hard corner intersection of RM-620 and Ladera Boulevard, with access to 49,963 vehicles passing by daily. The property is directly across from the Home Depot and Target entrance and is conveniently close to Lake Travis High School, Baylor Scott & White Medical Center, and The Galleria. Additionally, it is positioned near...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Keystone Bank
  • Guarantor:Corporate
  • Company:Keystone Bank SSB
  • # Units:3
  • Stock:Private

About Tenant

Keystone Bank SSB is a locally-owned community bank offering various personal and business banking services, including deposit accounts, commercial lending, and mortgage services. The bank...


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Listing Broker

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