9516 N Lamar Blvd - Fast Food FOR SALE


Austin, TX 78753- North Austin
$3,400,000 USD
480-221-4221
9516 N Lamar Blvd, Austin, TX for Sale
$3,400,000 USD
Fast Food - FOR SALE
1/7
null | 4.38% Cap Rate

9516 N Lamar Blvd
Austin, TX 78753
North Austin


HIGHLIGHTS

  • 8+ Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership
  • Signalized, Hard-Corner Intersection (44,700 VPD) | Adjacent To H-E-B | Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant has over 8 years remaining on its lease with 3 (5-year) options to extend • Corporate signed lease by Whataburger Restaurants, LLC • Features 10% rental increases every 5 years throughout the initial lease term and at the beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$1,378 USD /SF

CAP RATE

4.38%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,415 SF

ZONING

-

APN/PARCEL ID

249166

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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