609 W Braker Ln
Austin, TX
Price:
$6,375,000
Cap Rate:
4.65%
NOI:
$296,423
Building Size:
Approx. 3,061 Sq. Ft.
Lot Size:
Approx. 1.41 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2019
Investment Overview
- 2019 Construction. 3,061+/- SF Building on 1.41+/- Acre Site
- 15 Year NNN Corp Lease w/ 10% Rent Bumps After Year 10
- Located along Braker Ln (27K VPD) and Lamar Blvd (39K VPD)
- Just West of I-35 (169K VPD) and East of US-183 (148K VPD)
- Surrounded by multiple Schools, Commercial, and Retail Centers
- Near H-E-B Center, UPS, Chase, CVS, Target, SBUX, Whataburger
- 9-Miles N of Downtown Austin | 3Rd Fastest Growing City in the Nation
- Austin is the NEW Tech Hub w/ Skill Base fed by University of Texas
- Local Tech Companies: Apple, Amazon, Advance Micro, Adobe, Dell
- 3-Mile Estimated Population: 139,523 | 2-Mile HH AVG Income: $70,526
- Austin – Round Rock – San Marcos (MSA) | 2018 Est Pop: 2,168,316+