7525 E Highway 290 - Restaurant FOR SALE


Austin, TX 78723- University Hills
$1,467,000 USD
972-755-5205
7525 E Highway 290, Austin, TX for Sale
$1,467,000 USD
Restaurant - FOR SALE
1/4
null | 6% Cap Rate

7525 E Highway 290
Austin, TX 78723
University Hills


HIGHLIGHTS

  • Absolute Net Lease with 8.2 Years Remaining
  • 10 Percent Rent Increases Every Five Years
  • Prime Highway 290 (70,869 VPD) Frontage in High-Traffic Corridor
  • Tenant has Been Operating at This Location for More Than 18 Years
  • More Than 333,048 Residents Within a Five-Mile Radius

OVERVIEW

Offered for sale is the opportunity to acquire an absolute net lease Mr. Gatti's Pizza in Austin, Texas. The property consists of a 1610-square-foot, freestanding building that sits on approximately 0.47 acres of land. There are 8.2 years remaining on the lease with 10 percent rental increases every five years.

FOR SALE DETAILS

PRICE

$1,467,000 USD

PRICE/SF

$911 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mr. Gatti's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

None

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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