9063 Research Blvd
Austin, TX | Potential Assemblage Opportunity | Stabilized Strip Center
Marketing description
Secure Net Lease, as the exclusive listing broker and marketing advisor, is pleased to present 9063 Research Blvd, a 7-tenant, 16,400 SF strip center positioned along Research Blvd just west of Burnet Rd. The property sits just south of The Domain (Austin’s second Central Business District) and within the broader North Burnet/Domain submarket, which is one of the highest-growth urban districts in Texas. 9063 Research Blvd is poised to benefit from major public and private investment in the area. Burnet Rd is slated for reconstruction and widening under the Burnet Road Mobility Program, improving access and multimodal transportation. The City of Austin and CapMetro are advancing light-rail and transit infrastructure, including new stops, mobility hubs, and pedestrian improvements surrounding Q2 Stadium and connecting into the surrounding area.
The offering provides an investor with immediate in-place cash flow and meaningful optionality ahead of the next redevelopment cycle. The property represents a compelling covered land play with assemblage in one of Austin’s most land-constrained growth submarkets.
Investment highlights
- Located Along Research Blvd (26,449 VPD) just west of Burnet Rd (39,653 VPD), and just East of the intersection of 183 (147,788 VPD) and Mopac (156,055 VPD).
- Located Just South of The Domain - The Domain is Austin's second Central Business District and features high end luxury retail, Class A Office, hotels, and popular restaurants.
- Potential Assemblage Opportunity - This property offers the unique opportunity to assemble nearby sites for vertical redevelopment. Nearby planned vertical development along and near 183.
- High Household Income - Situated in a high spending market, the property benefits from impressive average household incomes of $102,804 within one mile, and $127,865 within three miles.
- Minimum Landlord Responsibilities - 5 of the 7 tenants are on full NNN lease structures, minimizing landlord exposure.
- Built-In Rent Bumps - Over 75% of the current tenant lineup has built-in rent bumps ranging from 3% to 7.7% annual escalations.
- Strong Tenant Retention - 33% of the Rent Roll has occupied the Shopping Center for over 17 years.
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