HIGHLIGHTS
- Established Franchisee & Long-Term Lease: 10-Year NNN lease with a multi-unit Meineke franchisee
- Dense & Growing Demographic Base: Densely-populated East Austin trade area with over 340,000 residents in a 5-mile radius
- Contractual Rent Growth: Rare 12% rental increase at the end of Year 5 of the initial term, with both extension options structured at Fair Market Valu
- Prime Hard-Corner Signalized Intersection: Located at the signalized intersection of Airport Blvd & Springdale Rd – one of East Austin's main intersec
- High-Traffic & Dense Infill Setting: Surrounded by popular local destinations, major employment hubs, and modern residential developments (e.g., Sprin
FOR SALE DETAILS
PRICE
$1,750,000 USD
PRICE/SF
$610 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
NWC Airport Blvd & Springdale Rd, East Austin
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1949
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.33 AC
LAND SF
14,157 SF
ZONING
CS-MU-NP
APN/PARCEL ID
195492
ASK ABOUT THIS PROPERTY
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512-472-6100
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512-472-6100
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