12625 N Interstate 35 - Movie Theatre FOR SALE


Austin, TX 78753- Parmer
$10,925,000 USD
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

Michael KaiderCBRE, Inc.More Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Michael KaiderCBRE, Inc.More Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.