15881 Ronald W Reagan Blvd - Restaurant FOR SALE
Leander, TX 78641 |
15881 Ronald W Reagan Blvd
Leander, TX 78641
HIGHLIGHTS
- 15881 Ronald W Reagan Boulevard is a 5,850-square-foot standalone restaurant built in 2025 and 100% leased to Bawarchi Indian Cuisine as of 4/1/2025.
- Absolute NNN lease on a 15-year term with an annual rent of $198,900, 3% annual increases, and built-in renewal options.
- Located in a thriving market as the population within a 5-mile radius grew by 20% from 2020-2024 and is projected to jump another 27% by 2029.
- Affluent area with an average annual household income of $137,000 within a 5-mile radius contributing to $2.4 billion in consumer spending.
- Leased at an above-market annual rate of $34 per square foot with increases built in, compared to the submarket average of ~$31.50.
- The Ronald Reagan corridor is a key connector to other major areas like Cedar Park, Georgetown, and Round Rock.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Bawarchi Indian Cuisine
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
5850
STORIES
1
YEAR BUILT
2025
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
R644186
