4631 Airport Boulevard
Austin, TX 78751 ·
47,971 SF · Retail For Sale
|Gross Leasable Area||47,971 SF||Occupancy||100%|
|Property Type||Retail||No. Stories||1|
|Property Use Type||Investment||Year Built||1985|
|Listing ID: 14751639||Date Created: 08/16/2006||Last Updated: 01/09/2007|
We are pleased to exclusively offer Concorde Center, a 47,971-square-foot Dollar General-anchored shopping center located on Airport Boulevard in Austin, Texas. Developed in 1985, Concorde Center has experienced healthy leasing activity. With the leases in progress, the center will be 95% occupied.
Additionally, the Robert Mueller Airport redevelopment, which is just to the northeast of Concorde Center, is projecting 10,500 new jobs to be added in the immediate area, ranging from doctors at the Dell Children s Medical Center of Central Texas to shop clerks at local retail stores. The entire 711-acre project will eventually be home to more than 10,000 people and 4,632 dwelling units. Moreover, the 3.8 million square feet of offices and over 350,000 square feet of retail will create a super-regional destination that will directly benefit the neighborhoods immediately surrounding the nation s largest urban infill project.
This falls on the heels of the Capital Plaza redevelopment (Capital Plaza is also just to the northeast of Concorde) that involved a Montgomery Ward store s conversion to a brand-new Target, a Weiner s into a Ross Dress for Less, a JoAnn s Fabrics into a Dollar Tree, a Fashion Bug into a Shoe Carnival (Fashion Bug relocated within the center), a Friedman s into a Rainbow Apparel, a LotsOff into a Conn s TV & Appliance and roughly half of a vacated Toys R Us space into a K&G Fashion Superstore. On top of all of these tenant upgrades and additions, Capital Plaza also underwent a complete makeover and modernization of its exterior fascia, signage and pylon sign, changes which brought the oldest shopping center in Austin into the 21st century!
- Dense population
- Close to Mueller redevelopment
- Short and long term upside
- Central Austin location
- Low maintanence
701 Tillery St
Austin, TX 78702
For Sale · $20,000,000
40,000 SF Building
Not exactly what you're looking for? Start a new custom search to find the perfect property
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.