43 Acres in Bastrop, TX - $5,620,024
HWY-71-W Bear Hunter Center Bastrop TX 78602 | SWPRE
HWY-71-W Bear Hunter Center Bastrop TX 78602 | Austin Commercial Real Estate
43 acres or separate tracts from 4.5 to 10.9 acres. 1,591 feet on HWY 71 Frontage RD. 1,069 feet frontage on Bear Hunter DR. In Bastrop City Limits. 56,611 est. 2017 daily traffic. 22% projected daily traffic count growth over 5 years. No flood plain. PID in place. Sample site plan: 7 retail pad sites facing HWY 71, grocery store anchored power center, strip center, medical including skilled nursing or office complex. Critical demographic trends exceed Austin, Dallas, Houston, San Antonio.
OFFERINGS
Offered in its entirety or in 5 tracts.
Entire Property
711 Texas 71 W, Bastrop, TX 78602 | 43.006 acres | 1,873,341SF | $3.00 per SF | $5,620,024
Tract 1
721 Texas 71 W, Bastrop, TX 78602 | 7.28 acres | 317,988 SF | $6.00 per SF | $1,907,928
Tract 2
731 Texas 71 W, Bastrop, TX 78602 | 10.9 acres | 478,80...
731 Texas 71 W, Bastrop, TX 78602 | 10.9 acres | 478,804 SF | $5.00 per SF | $2,374,020
Tract 3
741 Texas 71 W, Bastrop, TX 78602 | 4.50 acres | 196,020 SF | $4.50 per SF | $882,090
Tract 4
751 Texas 71 W, Bastrop, TX 78602 | 10 acres | 435,600 SF | $4.00 per SF | $1,742,400
Tract 5
761 Texas 71 W, Bastrop, TX 78602 | 5.60 acres | 243,936 SF | $3.00 per SF | $731,808
3% BUYER BROKER FEE
Only requirements for full commission are: #1 Texas real estate broker license; and #2 Submit contract that escrows, closes, funds.
BASTROP CENTRAL APPRAISAL DISTRICT DATA (BCAD)
Owner: FORESTAR (USA) REAL ESTATE GROUP INC.
Legal: PIDN: R47760 | Cross Reference ID: R47760 | Legal Description: Hunters Crossing Bear Hunter Drive Phase 1, ACRES 43.003
Zoning: HX-PD Commercial Hunters Crossing PD
Land:
Per BCAD: 43.003 acres | 1,873,210 SF | 17.402 hectares | 174,026.97 m2*
Per Survey: 43.695 acres | 1,903,354 SF | 17.682 hectares | 176,827.39 m2*
*SF, hectares and m2 estimates by SWPRE
2016 taxes: $49,971
Bastrop County: $9,399.31
Bastrop ISD: $27,652.92
City of Bastrop: $10,832.21
County Roads: $2,095.56
CAP & OEM Assessments:
Annual CAP Assessment = $0.0710 per SF
Oct. 2016 through Sept. 2017 O&M Assessment = $0.0371 per SF
IMMEDIATE TENANT CATEGORIES
Hospital
Assisted Living
Medical Services, Pharmacy & Offices
Major Grocer Anchored Power Center
Fast Food & Limited Service Restaurants
Retail Mixed Use
Multi-Screen Movie Theater or Theater with Food & Beverage Service
Restaurants with Full Bar
Convenience Store/Truck Stop
Flagged Motel
Offices
SWPRE SOCIO DEMOGRAPHIC & ECONOMETRIC ANALYSIS
SWPRE utilizes data from CCIM and ESRI to conduct proprietary analysis unmatched in commercial and investment real estate.
For analysis of suburban and fringe metropolitan retail sites such as HWY-71-W Bear Hunter Center Bastrop TX 78602 | Austin Commercial Real Estate analysis, SWPRE uses a 10 minute drive time as the benchmark. If a power center, mall, hospital or other regional development occurs, a broader drive time may be more appropriate depending on the capabilities of the development.
Comparison Markets:
City of Bastrop
Bastrop County
Austin
Dallas
Houston
San Antonio
Findings:
The HWY-71-W Bear Hunter Center Bastrop 10 mile drive time benchmarks surpass Comparison Markets demographics and trends in almost every key socio demographic
WHO LIVES IN BASTROP?
SWPRE provides socio demographics based on ESRI Tapestry Segmentation instead of tables of data. Tapestry segmentation provides an accurate, detailed description of Americas neighborhoodsU.S. residential areas are divided into 67 distinctive segments based on their socioeconomic and demographic compositionthen further classifies the segments into LifeMode and Urbanization Groups.
Bastrop residents fall into 5 basic groups:
Bright Young Professionals | 32%
Green Acres | 25%
Front Porches | 16%
Midlife Constants | 15%
Southern Satellites | 13%
Map
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