Properties / Manor
10802 US Highway 290 E
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Square feet
- 512
- Year built
- 2024
- Lot
- 22,216 sq ft
New 2024 drive-thru quick-service pad on about half an acre along US-290 in Manor, marketed with Dutch Bros references as a net lease investment.
Financials
From the listing
| Asking price | $1,990,000 | Confirmed · Listing agent |
| Price per sq ft | $3887 | Calculated |
| Reported rent | Not disclosed by the listing | |
| Cap rate | 5.15% | Confirmed · Listing agent |
Realtix income view
Commercial and net-lease listings disclose income as NOI or a cap rate rather than rents. Tenants usually pay taxes, insurance and upkeep, so this starts from the income the listing states and adds Realtix financing assumptions.
| Net operating income | $102,485 | per year · from the listing |
| Cap rate | 5.15% | NOI divided by asking price |
| Debt service | -$126,458 | assumption |
| Cash flow after debt | -$23,973 | per year |
| Cash-on-cash return | -4.3% | on $557,200 down payment and closing costs |
| Debt coverage (DSCR) | 0.81x | lenders usually want 1.20x or more |
- NOI implied by the 5.15% cap rate stated on the listing
- Lease terms, tenant credit and who pays which expenses must be confirmed from the leases
- Financing: 25% down, 30-year fixed at 7.6%, closing costs 3% of price
Realtix plan
Desk analysis complete, based on the listing and market data. Figures not confirmed by documents are marked as estimates. This is Realtix's own view, not investment advice.
Strategy: Single-tenant NNN drive-thru
Strengths
- 2024 construction, minimal near-term capex
- US-290 corridor with 57,000+ VPD
- Fast-growing Manor trade area
Risks
- Low 5.15% cap rate leaves thin spread over debt
- Tenant and lease terms not stated on the page
- Tiny 512 SF building, value tied to tenant performance
Catalysts
- Manor population growth
- Samsung and east Austin employment growth
Due diligence still needed
- Confirm tenant, guarantor (corporate vs franchise) and lease term
- Rent schedule and escalations
- Zoning designation F1 and permitted uses
- Request the OM referenced on the page
Realtix screening score
How this score works
The score is calculated, not hand-picked. For income properties it weighs cash flow (55%, the stated cap rate scaled from 2% to 8%), building age (25%, 1955 to 2015) and data confidence (20%). Price per square foot is left out because it is not comparable across commercial uses. It ignores tenant credit and lease terms, which need diligence.
Realtix preliminary screening score. Not investment advice, and it does not predict returns.
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Sources
- Listing source
- CityFeet
- Listing brokerage
- Secure Net Lease · Matthew Scow
- Last verified
- 2026-10-08
Cap rate: Listing agent, as of 2026-10-08
Updates
- 2026-10-08 Listing checked against the source.