Lamar Braker Plaza
Retail | 6.21% CAP | 25,335 SqFt
Marketing description
Lamar Braker Plaza is a neighborhood retail center located at the prominent intersection of North Lamar Boulevard and Braker Lane in North Austin. The property benefits from strong corridor visibility and convenient access, with three points of ingress and egress that provide customers multiple easy entry and exit options—an important advantage for daily-needs retail.
The center is positioned for durable, internet-resistant tenancy and long-term leasing stability. With a light value-add profile—including two current vacancies and no scheduled lease expirations until 2028—the property offers near-term lease-up upside while maintaining predictable cash flow once stabilized.
The long-term outlook is strengthened by continued reinvestment in the surrounding corridor. Aspire at Big, an approximately $60 million multifamily development near East Braker Lane, is expected to begin construction in June 2026, adding density and supporting tenant demand. In addition, ongoing I-35/Braker-area transportation improvements are set to enhance regional connectivity over time, further reinforcing the site's appeal and supporting rent growth as nearby redevelopments deliver.
Investment highlights
- NNN lease structure with built-in annual rent growth
- The rent roll is NNN, and the in-place leases feature 3% annual increases, supporting predictable income growth while limiting landlord expense exposure.
- Value-add lease-up upside with two vacant suites
- Lamar Braker Plaza totals 25,335 SF on 1.91 acres and is currently 82.20% occupied, presenting a clean path to NOI growth through the lease-up of the 3,010 SF & 1,500 SF vacant suites.
- Internet-resistant tenant mix anchored by essential services
- The center's tenant lineup is weighted toward uses that drive repeat visits and are less vulnerable to e-commerce competition, including banking/financial, medical/dental/health & wellness, and food service/restaurants. This combination ensures consistent daily demand and sustains neighborhood-serving tenancy over an extended period.
- Attractive in-place rent level with minimal near-term rollover
- The asset maintains an average in-place rent of approximately $27.84/SF, with expiration dates starting in 2028. This ensures stability while enabling the new ownership team to concentrate on lease-up activities and the realization of future rent appreciation.
- High-visibility corner with strong traffic counts and regional access
- Positioned at the signalized intersection of N Lamar Blvd (26,087 VPD) and W Braker Ln (24,757 AADT), the center attracts daily commuter and neighborhood traffic. The trade area is further strengthened by its proximity to major routes, including I-35.
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