16201 Ranch Road 620 N - Freestanding FOR SALE


Austin, TX 78717
$2,476,190 USD
408-510-9057
16201 Ranch Road 620 N, Austin, TX for Sale
$2,476,190 USD
Freestanding - FOR SALE
1/6
null | 5.25% Cap Rate

16201 Ranch Road 620 N
Austin, TX 78717


HIGHLIGHTS

  • New 20-Year NNN Lease With 1.5% Annual Increases and Zero Landlord Responsibilities; 4 × 5-Year Options Extend Long-Term Income
  • Personally Guaranteed by High-Net-Worth Multi-Unit Operator; Passive Investment With Strong Credit Profile
  • Tim Hortons’ First Austin Location; Grand Opening Set Records
  • Corner Site Along Ranch Rd 620 N Near SH-45 With 67,500 VPD; Surrounded by H-E-B, Starbucks, Chick-fil-A, and Lakeline Mall
  • Located in Dense Austin Submarket With 249K+ Residents in 5 Miles and Average Household Income of $146K+
  • Tim Hortons Named #1 Franchise to Buy by Franchise Times in 2024

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed Tim Hortons located at 16201 Ranch Road 620 North in Austin, Texas. The property will be leased on a brand-new 20-year absolute NNN lease commencing at the close of escrow. The lease features zero landlord responsibilities, 1.50% annual rent increases, and four (4) five-year renewal options. The lease is personally guaranteed by a high-net-worth operator, offering long-term passive income with strong credit backing. The ±1,600-square-foot drive-thru sits on ±1.20 acres at the high-traffic intersection of Ranch Road 620 N (±20,515 VPD) and State Highway 45 (±47,000 VPD), near Lakeline Mall. Surrounded by national tenants such as H-E-B, Starbucks, Chick-fil-A, Whataburger, and LA Fitness, the location draws daily traffic from nearby schools, medical centers, and dense residential communities. This site represents Tim Hortons’ first Austin-area location, signaling the brand’s targeted U.S. expansion under Restaurant Brands International. With 6,000+ units globally and growing U.S. demand, Tim Hortons offers strong brand equity backed by the same company behind Burger King and Popeyes. Priced at $2,600,000 with a 5.00% cap rate and $130,000 starting rent, this opportunity offers a reliable, inflation-hedged investment in one of the country’s fastest-growing metros.

FOR SALE DETAILS

PRICE

$2,476,190 USD

PRICE/SF

$1,548 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tim Hortons | Austin, TX | 1.5% Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

R502422

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

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