DAM-A Korean Hotpot & BBQ - Austin, TX (7.00% CAP - NNN)
Austin, TX - ABS NNN | 7.00% CAP Korean BBQ | New 10-Year ABS NNN Lease | Off I-35 (200K+ VPD)
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 6,324 SF DAM-A Korean Hotpot & BBQ located at 713 E Huntland Drive in Austin, Texas. The offering features a brand-new 10-year Absolute Triple Net (NNN) sale-leaseback commencing at closing, providing long-term, passive cash flow. The tenant has invested in renovations, demonstrating a strong commitment to the location and its long-term success. The lease includes 10% rent increases every five years, offering built-in inflation protection and consistent return growth.
Investment highlights
Long-Term 10-Year Abs. NNN Sale-Leaseback: The property features a brand new 10-year lease term upon closing, providing an investor with long-term passive cash flow.
Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities: This is an Absolute Triple Net (NNN) Lease where the landlord has zero responsibilities, offering a maintenance-free investment for a passive owner.
Significant Tenant Investment in Property: The tenant has invested approximately $500,000 in renovations, demonstrating a strong commitment to this location and its long-term success.
Hedge Against Inflation with Attractive Rent Increases: The lease features 10% rental increases every five years, providing a strong hedge against inflation and consistent growth in returns.
High-Growth Experiential Dining Concept: DAM-A Korean Hotpot & BBQ is part of the rapidly expanding Korean BBQ and hot pot dining segment, which has seen explosive growth driven by consumer demand for authentic, communal, and experiential dining.
Located in #1 U.S. Boomtown – Austin, TX: Austin is consistently ranked as one of the fastest-growing metropolitan areas in the United States, with a booming economy, a rapidly expanding population, and a thriving tech sector, ensuring long-term real estate appreciation.
Affluent & Dense Demographics: The surrounding area boasts a dense and affluent population, with over 161,998 daytime employees within a 3-mile radius, an average household income exceeding $104,582, and $2.1 billion in annual retail spending, providing a robust and captive customer base for the tenant.
Excellent Visibility & High-Traffic Corridor: The property is strategically located with excellent visibility and frontage on Huntland Drive, just off the major thoroughfares of I-35 and US-183, which experience significant daily traffic counts.
Strong Real Estate Fundamentals: The property sits on a large 1.25-acre lot and features a spacious 6,324 SF building, providing significant intrinsic value and future development potential.
Thriving Asian Retail Corridor: The property is situated within a vibrant and growing Asian retail corridor, with major anchors like 99 Ranch Market and Han Yang Market, creating a regional draw and significant cross-traffic.
Surrounded by National & Regional Retailers: The property is surrounded by a host of national and regional retailers, restaurants, and hotels, including Burlington, Academy Sports + Outdoors, Pappadeaux, Pappasito's Cantina, Target, and Walmart, driving traffic to the area and creating strong retail synergy
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