128 S Brook Dr - Freestanding FOR SALE


Leander, TX 78641
$7,679,000 USD
510-289-1166
128 S Brook Dr, Leander, TX for Sale
$7,679,000 USD
Freestanding - FOR SALE
1/3
null | 5.75% Cap Rate

128 S Brook Dr
Leander, TX 78641


HIGHLIGHTS

  • New Construction Shops Building with a Drive-Thru Anchored by CAVA (NYSE: CAVA) with Corporate Guaranty
  • All Tenants on Long Term Leases with Schedule Rent Increases
  • Excellent Exposure Along Rapidly-Growing US-183 Corridor within New Southbrook Station Development, with McAlister's, Einstein Bros., CareNow & More
  • Adjacent to Brand New Northline Development, 116-Acre Master Planned, Mixed-Use Development
  • High-Growth Suburb of Austin - 3.76% Annual Population Growth Rate within 5 Miles
  • ~26 Miles from Downtown Austin

OVERVIEW

New construction shops building with a drive-thru anchored by CAVA (NYSE: CAVA), with Firehouse Subs, Paris Baguette, and Enamel Dentistry, situated within the new Southbrook Station development. The subject property is strategically positioned with excellent visibility along North U.S. Highway 183 (25,032 ADT). It is part of the new Southbrook Station retail and restaurant development, featuring national and regional tenants including Crust Pizza, Cold Stone, Shipley Do-Nuts, Einstein Bros. Bagels, Smoothie King, McAlister’s Deli, Take 5 Oil Change, Great Clips, Prime IV Hydration & Wellness, CareNow Urgent Care, and others. Nearby retailers include H-E-B Plus (2.6 million annual visits per Placer.ai), Dairy Queen, Whataburger, Panda Express, Chipotle, Holiday Inn Express & Suites, and The Learning Experience. The site is easily accessible to surrounding neighborhoods and developments, including Northside Meadow (246 homes), Escalon townhomes (125 units), Southbrook apartments (360 units), and Metro Drive Office Park. Significant development is underway in the immediate area. Directly across US-183 is Northline, a new 116-acre master-planned mixed-use district that will serve as Leander’s new downtown, with 2,000 apartments, 240 townhomes, 225,000 square feet of retail, 1.9 million square feet of office space, a hotel, and public gathering spaces. Adjacent to Northline is St. David’s HealthCare’s existing 52-acre medical complex, which is expanding with a $182 million full-service hospital. This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$7,679,000 USD

PRICE/SF

$879 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CAVA-Anchored Shops | Southbrook Station

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

-

APN/PARCEL ID

R588856

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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