681 West Broade Street
Leander, TX
Price:
$3,882,266
Cap Rate:
6.00%
NOI:
$232,936
Building Size:
Approx. 6,889 Sq. Ft.
Lot Size:
Approx. 1.739 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
2025
Investment Overview
- 2025 Construction. 6,889+/- SF Building on 1.739+/- Acre Site
- 15-Year Modified NNN Lease w/ 10% Increase Every 5 Yrs. after Yr. 10 of Primary Term & 10% Increases in (5), 5-Yr. Options
- Located on Broade St & Hero Way (20,900+ Combined VPD), just West of US Highway 183 & 183A Toll Road (68,300+ Combined VPD)
- Leander Is Evolving Into a Vibrant Regional Hub as Major Developments, Healthcare Expansion, & Housing Growth Drive Commerce & Technology
- Across from H-E-B Plus & Located Adjacent to Leander’s New Hero Way Crossing Development
- Located 30 Mins. from Austin & has a Fast-Growing, Affluent Population w/ Avg. HH Income of $165,800 in a 3-Mile Radius
- Leander | Located in Austin MSA – One of the Fastest Growing Cities in U.S. | Population: 86,469+; MSA: 2.55M+