Listed by Matthews
$950,000
Single-Tenant Retail | 2420 Burleson Ct
Details
Property Type Retail
Square Footage 2,263
Net Rentable (SqFt) 2,263
Units 1
NOI $43,356
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 12/31/2028
Remaining Term 2.6
Rent Bumps No
Lease Options N/A
Price per SqFt $420
Year Built 1983
Year Renovated 2018
Acreage 0.340
Zoning GR
Investment Type Owner/User
Lease Commencement 01/01/2024
Ground Lease No
Prime Southeast Austin Retail | Owner-User or Investment | Short-Term Lease
Marketing description
Matthews™ is pleased to exclusively present a rare retail acquisition opportunity in the heart of one of the nation's fastest-growing urban markets. Located just 4 miles from Downtown Austin , this versatile property features an in-place income stream with short-term cash flow visibility, making it an exceptional find for both forward-looking investors and owner-users looking to plant their flag the high-demand Southeast Austin pocket.
Investment highlights
- The property benefits from proximity to E Oltorf St, which carries approximately 23,600 vehicles per day, and I-35, which carries approximately 162,000 vehicles per day, providing strong regional connectivity and meaningful traffic exposure.
- Dense residential trade area, supported by approximately 13,874 households within 1 mile, 78,601 households within 3 miles, and 154,934 households within 5 miles.
- The asset presents a compelling owner-user opportunity, supported by strong real estate fundamentals and location characteristics that may appeal to businesses seeking direct access to a large and established consumer base.
- The asset is subject to an in-place lease with approximately 2 years of remaining term, providing immediate income and near-term cash flow visibility.
- The roof was replaced in 2018, reducing the likelihood of near-term capital requirements
- The property is located under the Opportunity Zone designation, which can be a meaningful consideration for investors seeking to align capital deployment with potential tax deferral or tax mitigation strategies
Listing Contacts
Listed by Matthews
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,356.00
$3,613.00/mo
Valuation Metrics
0
DSCR
4.56%
Cap Rate
4.56%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Name
License
Brokerage Phone
Brokerage Address
Is there information that looks off?
