12625 N Interstate 35 - Movie Theatre FOR SALE


Austin, TX 78753- Parmer
$10,925,000 USD
630-573-7015
12625 N Interstate 35, Austin, TX for Sale
$10,925,000 USD
Movie Theatre - FOR SALE
1/8
null | 9% Cap Rate

12625 N Interstate 35
Austin, TX 78753
Parmer


HIGHLIGHTS

  • Value-Add Opportunity: 7,691 Square Feet Available
  • Strong Residual Value: Long-Term Redevelopment Potential
  • Long Term Opportunity: Nearly 10 Years of Term Remaining
  • Dominant Retail Corridor: Surrounded by Strong Retailers
  • Affluent and Growing Trade Area: ~42% Growth Since 2010
  • Desirable Location: ~200,200+ VPD Near the Site

OVERVIEW

CBRE’s Net Lease Property Group is pleased to present to qualified investors a two-unit opportunity in Austin, TX. The opportunity is 85.4% occupied by AMC Theatres. There are strong, 10% rental increases every five years in the base term and in each option period. Additionally, the offering has a 7,691-square-foot unit available for lease up, potentially increasing the stabilized NOI by an +/- $390,000. The Property is well located within the rapidly growing Northeast neighborhood of Austin, TX. 369,194 residents are earning an average household income of $106,463 within the primary trade area. The entire Austin MSA has experienced tremendous growth over the past several years. Within the Property’s primary trade area, the population has grown 42.2% since 2010 and is expected to grow an additional 10.5% over the next five years. AMC Theatres is strategically positioned within a 2.2 million square foot, 95% occupied retail corridor with an abundance of national and regional tenants, creating a significant draw to the Property. Tenants in the area include Ross Dress for Less, PetSmart, Floor & Décor, Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, H-E-B, JCPenney, Chick-fil-A, Chili’s, In-N-Out Burger, McDonald’s, and Panera Bread, among others.

FOR SALE DETAILS

PRICE

$10,925,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

VALUE-ADD AMC THEATRE OPPORTUNITY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Movie Theatre

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.26 AC

LAND SF

577,606 SF

ZONING

CH CO

APN/PARCEL ID

728107,968114

ASK ABOUT THIS PROPERTY

630-573-7015

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630-573-7015

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