Listed by Resolut RE Austin
$3,100,000
Westgate Center
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 6,054
Cap Rate 6.44%
NOI $199,569
Occupancy 100%
Tenancy Multi
Brand/Tenant Juice Land, Relax Day Spa
Lease Type NNN
Rent Bumps Yes
Year Built 1979
Year Renovated 2024
Acreage 0.516
Investment Type Stabilized
Retail | 6.44% CAP | 6,054 SqFt
Investment highlights
- Very strong demographics: population over 116k+ with Avg. HH income $140k+ within 3 miles. 330k+ Avg. HH Income $148k+ within 5 miles
- Median area household income has dramatically increased here. More than doubling from 2000-2025
- All tenants have annual base rent increases
- 100% NNN leased
- Juiceland: A tenant since 2014 doubled the size of their space in 2022
- Vape Shop: A tenant since 2013 recently signed their 2nd 5-year lease renewal
- Excellent road front visibility & easy access to hwy 290/71, Mopac, 360 and S. Lamar Blvd
- In an area with high residential density and very strong daytime employment population
- Located across the street from a Central Market anchored shopping center. One of only 2 Central Markets (HEB’s upscale format stores) in all of Austin
- Lot Size: .5165 Acre (22,500 Sq. Ft.)
Listing Contacts
Listed by Resolut RE Austin
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$199,569.00
$16,630.75/mo
Valuation Metrics
0
DSCR
6.44%
Cap Rate
6.44%
ROI
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