701 W US 290 HWY Dripping Springs, TX 78620

Investment / 1031 opportunity - strategically located on US 290, in the heart of Dripping Springs. With an impressive average daily traffic count of over 30,000 vehicles, this property offers immense potential for investors seeking high-traffic exposure. Currently, this immaculate facility runs at 100% occupancy, featuring four reliable tenants at a 6.6% total cap rate on the prevailing lease rates. Built to offer added conveniences, the property offers an 8:1 parking ratio and direct connectivity to both City water and sewer systems. Notably, this building is part of a condominium regime that currently encompasses one building while sharing common facilities with a second structure and, a third building currently in development. With proximity (40-minutes) to Austin and ABIA and a mere 90-minute drive to San Antonio, this property aptly fits into a prime location, primed for immense returns.