8300 Ranch Road 620
Austin, TX
Price:
$2,935,000
Cap Rate:
6.00%
NOI:
$176,004
Building Size:
Approx. 3,340 Sq. Ft.
Lot Size:
Approx. 0.64 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2013
Investment Overview
- 2013 Construction. 3,340+/- SF Building on 0.64+/- Acre Site
- 15-Year NNN Lease with Approx. 5% Rental Increases Every 5-Years & (5) 5-Year Options to Renew
- Established Northwest Austin Retail Location – Located Along FM 620 (48,445+ VPD) within the Trails at 620 Development
- Affluent Surrounding Customer Base – Approx. 32,700 Residents and Average Household Income of $213,600 within 3 Miles
- Multiple Customer Draws & Continued Investment – Broader Development Includes a Cinema, Holiday Inn Express & A+ Federal Credit Union
- Established Regional Restaurant Brand – Chicken Express has 250+ Locations across Texas, Oklahoma, Arkansas and Louisiana
- Austin, TX | Nearly 5% Population Growth Since 2020 | Population: 1,002,632+