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Off Market
1/29

500 Parker Dr
Austin, TX 78728


OVERVIEW

• Deckhand Oyster Bar & Seafood North is a very successful restaurant with a very strong 9-year track record. They offer a unique menu with oysters and seafood with a strong Thai influence. • Surrounded by corporate offices, hospital, medical offices and hotels including: Dell World Headquarters, Emerson Process Management, Houghton Mifflin Harcourt Regional Headquarters, St. David’s Surgical Hospital, Towneplace Suites Marriott (across the street), Austin Marriott North, Home 2 Suites, Holiday Inn Express Suites (across the street). • The current lease term ends October 2021. Tenant has no renewal options. • Built as Fazzoli’s Italian restaurant with drive-thru. • Preliminary site plan from original build shows possibility of 5,200 SF second building on this site (buyer to verify). • Excellent demographics with more than 87k residents with over $81,147 average household income and 70k+ daytime workers within 3 miles; over 266k residents with over $97,747 average household income and 133k+ daytime workers within 5 miles; with population projected to grow over 2% per year from 2019-2024. • Located in Austin, but near the city line with booming 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

Deckhand Oyster Bar - North

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

3887

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

507200