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22960575
22960576

1500 N Interstate Hwy 35, Round Rock, TX 78681 For Sale

PD
CA 01750064
Fisher James Capital
LS
CA CA 01443387
Fisher James Capital
Listed by Fisher James Capital
$4,359,000
463 days on market
Updated 91 days ago

Torchy's Tacos

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 6,119
Cap Rate 5.25%
NOI $228,851
Tenancy Single
Brand/Tenant Torchy's Tacos
Lease Type Net
Lease Term 10
Lease Expiration 01/31/2029
Remaining Term 2.5
Rent Bumps Yes
Lease Options two (2) five-year options
Broker Co-Op Yes
Year Built 2012
Year Renovated 2018
Buildings 1
Acreage 1.530
Investment Type Net Lease
Lease Commencement 02/01/2019

Top Performing Torchy’s Tacos in Austin MSA - 10,500+ College Students within 5 Miles

Marketing description

The subject property is ideally located with frontage along Interstate-35 (148,992 AADT) and excellent visibility with prominent pylon signage. The site benefits from robust and dense demographics within a 5-mile radius, with a daytime population of 223,782 and average household income of $143,402.

This Torchy’s Tacos location is ranked among the top 9% locations in the chain nationally by annual visits (per Placer.ai). The site is adjacent to Shake Shack and Round Rock Shopping Center, which includes Gatti’s Pizza, O’Reilly Auto Parts, and Dollar Tree. Dell Technologies, Round Rock’s largest employer with approximately 12,000 employees, is located 3.5 miles from the site. The property is also in close proximity to the Round Rock campuses of Texas State University (2,200 students), Austin Community College (5,000 students), and Texas A&M Health Science Center (3,200 students). Additionally, St. David’s Medical Center (435 beds) is located 2.5 miles from the site.

Round Rock (population 130,406) is a city in Williamson County, Texas and suburb of Austin, located approximately 18 miles north of Downtown Austin. Round Rock is a principal city in the Austin-Round Rock Metropolitan Statistical Area, which has a population of more than 2.47 million and the 22nd largest GDP per capita in the U.S. with an MSA GDP of $248 billion. The city is situated along Interstate 35, linking it with Austin to the south and Waco to the north.

This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

Investment highlights

  • Corporate Net Lease to Torchy’s Tacos

  • Scheduled 10% Rental Escalation at Each Option

  • Top 9% Location for Torchy’s Nationwide by Annual Visits (per Placer.ai)

  • Rapidly Expanding “Craft Casual” Brand – 130+ Locations in 16 States

  • Excellent Visibility and Frontage along I-35 with Prominent Pylon Signage

  • 10,500+ College Students within 5 Miles

  • 6,000 New Housing Units Planned by 2030 to Accommodate Increasing Demand

  • 18 Miles from Downtown Austin

Listing Contacts

PD
CA 01750064
Fisher James Capital
LS
CA CA 01443387
Fisher James Capital
Listed by Fisher James Capital

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$228,851.00
$19,070.92/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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