4526 Westgate Blvd - Storefront FOR SALE


Austin, TX 78745- Westgate
$3,100,000 USD
512-373-2814
4526 Westgate Blvd, Austin, TX for Sale
$3,100,000 USD
Storefront - FOR SALE
1/10
null | 6.28% Cap Rate

4526 Westgate Blvd
Austin, TX 78745
Westgate


HIGHLIGHTS

  • Population over 108K with an average HH income of $154K+ within 3 miles. 214K+ population with an average HH income $161K+ within 5 miles.
  • All tenants have annual base rent increases and are on NNN lease terms, providing a passive investment with minimal ownership responsibilities.
  • Excellent road front visibility and easy access to the Hwy 290/71 interchange, as well as the Mopac Expy, Hwy 360, and S. Lamar Boulevard.
  • Located across the street from a Central Market-anchored shopping center, one of two Central Markets (HEB's upscale store) in all of Austin.

OVERVIEW

Resolut RE proudly presents the hands-off investment opportunity to acquire Westgate Center, located at 4526 West Gate Boulevard in Austin, Texas. The multi-tenant retail center is 100% occupied by internet-resistant tenants on NNN lease terms, providing new ownership with an income-generating and stabilized acquisition. The on-site tenant-mix includes Relax Day Spa, a local service-provider, Juiceland, a corporate store cafe location, and Austin Vape & Smoke, a retailer who has been on-site since 2013 and in their second five-year lease renewal. Westgate Center is a premier investment for an out-of-town investor looking to add cash flow to their portfolio. Inquire today for more information

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$512 USD /SF

CAP RATE

6.28%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

CS

APN/PARCEL ID

509343

ASK ABOUT THIS PROPERTY

Alan RustRESOLUT REMore Info
512-373-2814

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Alan RustRESOLUT REMore Info
512-373-2814

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