Anna Plaza
Fully Leased Lowe's Shadow Anchored Retail Center | 55K SF Value Add Opportunity
Marketing description
Cushman & Wakefield's Central Texas Private Capital Group is pleased to present to the market the opportunity to acquire Anna Plaza, a 55,528 square foot Lowe's shadow anchored retail center located at the interchange of two primary thorough fares serving the Far Northwest Austin submarket. Situated at the prominent intersection of US 183 and FM 620 N, Anna Plaza has a prime position within Far Northwest Austin, an area characterized by strong population density. Anna Plaza is shadow anchored by Lowe's and in proximity to Walmart, which provides consistent daily traffic. The property is adjacent to major regional retail nodes including Lakeline Mall, Target and Sam's Club. Cosmetic and functional exterior improvements provide a pathway to increase rental rates and drive additional NOI offering stabilized cash flows with a compelling value-add opportunity.
Investment highlights
- 100% Leased Retail Center Shadow Anchored by Lowe's
- Anchored by Urban Air on New Five Year Lease
- Major Retail Node at 620 & 183 Interchange
- Lakeline Mall, Lowe's Walmart, Target, Sam's Club
- Fully Leased to Diverse Mix of Tenants
- Value Add Opportunity via Exterior Improvements Push Market Rents
- Exceptional Demographics $158,922 Avg. Household Income 230,789 Population Count 5 mile radius
- Below Replacement Cost in High Barrier to Entry Submarket
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