Listed by Fisher James Capital
$10,692,000
Las Entradas North
Details
Property Type Retail
Sub Type QSR/Fast Food, Shopping Center
Square Footage 12,122
Net Rentable (SqFt) 12,122
Units 4
Cap Rate 5.75%
NOI $614,766
Occupancy 100%
Tenancy Multi
Lease Type Net
Rent Bumps Yes
Broker Co-Op True
Year Built 2026
Buildings 1
Stories 1
Acreage 2.210
Parking Spaces 154 spaces
Parking per 1,000 SqFt 12.70
Investment Type Net Lease
Ground Lease No
100% Leased Retail Shops Building | Austin MSA | Brand New Construction
Marketing description
Las Entradas North is a brand-new, fully leased retail shops building located in a desirable, fast-growing Austin suburb. The property is anchored by Chuy’s, on a 15-year lease, and features a diverse, internet-resistant tenant mix including Einstein Bros. Bagels, DECA Dental, and Persona Pilates, with long-term leases and scheduled rent increases. The property is positioned within a new 10-acre retail development along Highway 290, approximately 13 miles from Downtown Austin. It benefits from rapid commercial and residential growth, with an exceptionally high annual population growth rate of over 5% within a 3-mile radius.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Investment highlights
- Fully Leased Shops Building Anchored by Chuy's
- All Tenants on Long Term Leases with Scheduled Rent Increases
- Brand New Construction with a Diverse, E-Commerce-Resistant Mix of Food & Service Users
- Within New ~10-Acre Last Entradas North Development
- Prominent Location with Excellent Exposure on Hwy 290 (58,675 ADT)
- Rapidly Growing Austin Suburb Experiencing Significant Residential & Commercial Development
- 5.14% Annual Population Growth Rate within 3 miles
- Average Household Income of $130,349 within a 5-Mile Radius
Listing Contacts
Listed by Fisher James Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$614,766.00
$51,230.50/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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Property History
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