13000 N Interstate H35 - Restaurant FOR SALE


Austin, TX 78753- Scofield Farms
$2,203,831 USD
925-348-1844
13000 N Interstate H35, Austin, TX for Sale
$2,203,831 USD
Restaurant - FOR SALE
1/2
null | 6.5% Cap Rate

13000 N Interstate H35
Austin, TX 78753
Scofield Farms


HIGHLIGHTS

  • New 15-year Absolute NNN Lease
  • Zero Landlord Obligations
  • Corporate Guarantee
  • Income Tax Free State
  • Shadow Anchored by a Walmart Supercenter
  • Heavy Interstate 35 Traffic Counts – 170,210 VPD - 12 Miles from Downtown Austin

OVERVIEW

The Kase Group is pleased to present the opportunity to purchase a well-established Red Robin in Austin, Texas with a new 15-year absolute NNN lease. The lease calls for zero landlord obligations and is corporately guaranteed by Red Robin. There are 10% increases every 5 years throughout the initial term and during the four 5-year options. The site benefits from its location in a busy retail trade area and boasts heavy traffic counts of 170,210 vehicles per day. The building is shadow anchored by a Walmart Supercenter and neighbors multiple tenants such as Lowe's Home Improvement, PetSmart, Ross Dress for Less, Wells Fargo, Golden Corral, Buffalo Wild Wings, McDonald's, Panera Bread, Denny's, Dollar Tree, Supercuts and more.

FOR SALE DETAILS

PRICE

$2,203,831 USD

PRICE/SF

$351 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,106 SF

ZONING

GR-CO Comm Commer

APN/PARCEL ID

548503

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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