14009 Research Blvd
Austin, TX
Price:
$7110000
Cap Rate:
5.75%
NOI:
$408,850
Building Size:
Approx. 9800 Sq. Ft.
Lot Size:
Approx. 1.43 Acres
Type:
Multi-Tenant / Retail
Sub Category:
Cell Store
Year Built:
2015
Investment Overview
- 2015 Construction | 9,800+/- SF Building on 1.43+/- Acre Site
- New 10-Yr Leases began December 2015 w/ Rent Bumps after Yr-5
- Located along Research Blvd, an access road to HWY 183 (115,783 VPD)
- Target Outparcel | Near Home Depot, Sam’s Club, Walgreens, Starbucks
- Across Lakeline Mall (1.1 Million SF) | 9-Miles SW of Lake Travis (2.8 Million Ann. Visitors)
- Area Attractions: SXSW | F1 Racing Track | Lake Austin | 6TH Street Bars | State Capital
- Austin consistently is ranked #1 by Forbes as “Biggest Boom Towns in the U.S”
- 5-Mile Radius: 2015 Estimated Pop: 192,562 l 3-Mile Average HH Income: $88,377
- Austin – Round Rock – San Marcos (MSA): Fastest growing Metro in U.S| Pop: 1,769,952