Historical Retail Sale Listing - The Plaza at Avery Ranch

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The Plaza at Avery Ranch

14900 Avery Ranch Boulevard, Austin, TX 78717

N/A

45,378 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
45,378 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Additional Sub-types:
Strip Center
Specialty Center
Property Use Type:
Investment
Cap Rate:
7.47%
Occupancy:
98%
No. Stories:
1
Tenancy:
Multiple
Year Built:
2005
Lot Size:
5.81 AC
Listing ID
14622299
Last Updated
over 1 year ago

Highlights

  • Strategically Located in Austin's #1 Master Planned Community
  • Upscale Retail, Restaurant and Office
  • Exciting Architectual Design
  • 2005/2006 Construction
  • High Traffic Counts/High Income Demographics
  • Desirable North Austin Location

Description

The Plaza at Avery Ranch is a unique specialty center totaling 45,378 square
feet of upscale retail, restaurant and office use. This newly constructed
property is strategically located at the northwest corner of Parmer Lane and
Avery Ranch Boulevard in Austin, Texas and is the entrance to Austin's newest
and #1 selling master planned community, Avery Ranch. Traffic counts at this
intersection exceed 55,000 cars per day. The property is surrounded by lush
hill country landscape offering tenants and customers an aesthetically pleasing
view. The surrounding demographics yield an average household income of
$110,000 within a one-mile radius.
The Plaza at Avery Ranch is currently 97% leased. Most of the tenants have
multiple rental increases during the primary term giving the investor a
significant increase in return throughout the holding period.
This first class shopping center is a welcomed amenity that offers an exciting
architectural design showcasing Texas stone, tower elements, breeze-ways,
and corridors leading to the Plaza Park located behind the center.

The beauty of Avery Ranch lies in its lush hill country setting, small
neighborhood feel, and thorough attention to detail. Situated on
1,800 acres with over 4,000 homesites, Avery Ranch is a lesson in
planning. Located in north Austin between Round Rock and Cedar
Park, this master-planned community incorporates the beauty of its
surroundings.
One of the focal points of Avery Ranch is its 226 acre 18-hole golf
course. Designed by Andy Raugust, a former Jack Nicklaus course
designer, the championship public course borders a 60 acre lake and
incorporates all the natural features of the community. Every
measure was taken to preserve the area's dense vegetation and
spectacular critical environmental features. The result is a scenic,
challenging course that earns high praise from golfers and
environmentalists alike.

Map of 14900 Avery Ranch Boulevard, Austin, TX 78717 (Williamson County)

Research for 14900 Avery Ranch Boulevard, Austin, TX 78717 (Williamson County)

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