Mormon Mill Center – Great Location
- County: Burnet
- Address: 1405 Mormon Mill Road
- Zip: 78654
- Type: Commercial Property
- City: Marble Falls
- Price: $1,900,000
- Acres: 1
- State/Zip: Texas 78654
- Status: Available
This 10,500 SF five-unit center is well located in the hottest retail area of the growing Highland Lakes City of Marble Falls with a balanced mix of credit and local tenants.
Anchor Tenant is the State of Texas Driver License office occupying approximately one third of the building. In the fourth year of a 10-year lease, this tenant offers long term stability with a 10-year option to renew.
Quality tenant, Armstrong McCall Beauty Supply has been in place since 2007 and has four, 5-year extension options and executed the first in March of 2015.
Hill Country Nutrition is an Herbal Life Dealer with its primary location in Lakeway, the lease is six months into the first 5 years with two 5-year extensions.
The fourth tenant is a local Pilates Studio starting their fourth year in their space on annual lease renewals.
There is one space finished out into office space currently occupied on a temporary lease by a local church.
New metal roof was installed 2/28/2021
Being only 48 miles from Austin, surrounding three lakes on the Colorado River, this area has attracted a lot of attention. Highly visible from US Highway 281 and Mormon Mill Road with Home Depot, Walgreens, Dollar General and the New Office Depot. This free span steel beam construction with masonry siding has unlimited possibilities.
At the corner of Max Copeland Dr. and Mormon Mill Rd. just East of State Highway 281 in Marble Falls The available suite faces Max Copeland and is Highly Visible from HOME DEPOT and Office Depot
Current NOI as Leased - $124,851.84
Projected NOI at - $136,851.84
© 2016 Texas Alliance of Land Brokers
© 2016 CoStar Group, Inc.