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27866532
27866533

2 Locations

DD
TX 656858
Marcus & Millichap - Austin
Listed by Marcus & Millichap - Austin
$5,074,728
221 days on market
Updated 39 days ago

Freshwater Blvd Retail

Details
Property Type Retail, Office (+1)
Sub Type Bank, Restaurant (+1)
Square Footage 16,817
Net Rentable (SqFt) 16,817
Cap Rate 7%
NOI $355,231
Occupancy 100%
Tenancy Multi
Brand/Tenant Sherwin-Williams, Hot Table (+2)
Lease Type NNN
Lease Term 12
Rent Bumps Yes
Lease Options Multiple
Price per SqFt $302
Buildings 2
Acreage 3.720
Parking Spaces spaces
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Corporate Guarantee | Strategic Location | Mixed Use | 7.00% CAP | 16,817 SqFt

Investment highlights

Corporately Guaranteed Tenants - The property is 100% leased to four long-term tenants that have 8-12 years of committed lease term.

High Visibility - The property is located at the signalized intersection of Freshwater Boulevard and Cranbrook Boulevard with two ingress and egress points.

Strategic Location - The subject property is located just south of Enfield Mall which is undergoing a $250M renovation as well as core submarket anchor tenants Costco and Home Depot.

Strong Population - With 77,000+ residents and 29,000+ households within five miles, there is an ample customer base for the tenant. The five mile average household income exceeds $120,000.

Retail Corridor - The Enfield submarket is one of the strongest retail markets in the state with exceptional vacancy rates below five percent and rental rates increasing year over year.

Listing Contacts

DD
TX 656858
Marcus & Millichap - Austin
Listed by Marcus & Millichap - Austin

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$355,231.00
$29,602.58/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
John Krueger
License
CT REB.0752012
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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