Texas Born

145 Lehman Road, Kyle, TX 78640

$9,950,000

Cap Rate 6.00%

DOM: 235 Updated: 08.23.24 Posted: 08.10.23 Status: Sold 04.01.24

Summary

Price $9,950,000	Built/Renov 2023	Tenant Texas Born
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 6,463	Lease Start 07-19-2023	#Units 48
Price/SF $1,539.53	Expiration 07-31-2043	Tenant Type Convenience/Gas
NOI $597,000	R. Term 18.2	Ownership Fee Simple
Rent/SF $92.37	Increases 8.0%/5/yrs	Pop 5Mi 73,600
Lot/AC 4.52	Options 5/5yrs/8%	AHHI 5Mi $104,423

Lease Highlights

Brand new 2023 construction
Texas Born recently signed a brand new 20-year lease with 5 (5-year) options to extend
Lease features 8% rental increases every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Taylor Smartt, LLC

Location Description

This newly constructed Texas Born convenience and gas station is strategically located at the signalized, hard corner intersection of Lehman Road and Ranch to Market Road 150 with access to 20,800 vehicles per day. The site benefits from nearby direct on/off ramp access to Interstate 35, a major thoroughfare averaging over 123,000 vehicles per day. National/credit tenants in the area include...

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Key Features

New construction
Hard corner intersection
Near major nationals
Highway close
Top 100 MSA
Income tax free state
Brand new lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee

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Links

Texas born Wikipedia Kyle, Texas Zip Code 78640 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Texas Born
Guarantor:Corporate
Company:Taylor Smartt, LLC
# Units:48
Stock:Private

About Tenant

TXB, or Texas Born, is a family of restaurant-style convenience stores and gas stations serving fresh-made food located in the southern portion of the United States with locations throughout Texas...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,909	60,948	92,198
2023 Total Population :	9,369	53,883	79,134
2023 Employed Civilian Pop :	4,555	27,920	40,298
2023 Total Businesses :	167	815	1,135
2023 Average Household Income :	$ 108,011	$ 106,377	$ 100,778
2023 Total Consumer Spending :	$ 275 M	$ 1703 M	$ 2316 M
2023 Median Age :	33	33	32
2023 Total Households :	2,946	18,534	26,556
2023 Pop Age 25+: Bachelor's Degree :	1,294	8,191	10,825
2023 Average Home Value :	$ 304,244	$ 330,404	$ 329,867

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
		2015	16,312	0.06 mi
Lehman Road	FM 150	2015	4,488	0.17 mi
Lehman Rd	FM 150	2010	4,060	0.17 mi
	E Moore St	2021	7,479	0.30 mi
South Old Highway 81	E FM 150	2021	1,156	0.31 mi
	E Moore St	2021	4,846	0.35 mi
I 20-N Business	Autumn Dr	2020	14,819	0.36 mi
Ranch-to-Market Road 150		2015	15,948	0.41 mi
W South St	E South St	2010	1,390	0.42 mi
E Center St	I- 35	2013	12,776	0.46 mi

Listing Broker

William Wamble

SRS National Net Lease Group

Contact

186 Listings
38841 Views
69 Sold

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
48714 Views
117 Sold

William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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