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- LoopNet Team
15004 Avery Ranch Blvd
Austin, TX 78717
Land For Sale
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1.37 AC
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 1.37 AC |
| Property Subtype | Commercial | ||
| Zoning | 3-PUD | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.37 AC |
| Zoning | 3-PUD |
DESCRIPTION
• 10 Years Remaining on Absolute NNN Ground Lease – No Landlord Responsibilities • 10% Rental Increases Every 5 Years – Strong Hedge Against Inflation • Corporately Guaranteed by JP Morgan Chase Bank (JPM) – Market Cap of Almost $300 Billion • Located Right Off of Parmer Lane & Avery Ranch Blvd – Traffic Counts Exceed 37,000 and 16,150 Vehicles Per Day Respectively • Rare Austin City MSA Net Leased Property – High Barrier of Entry to Develop in Austin MSA • Other Surrounding Retailers Include Walgreens, CVS, McDonald’s, Snap Kitchen, and Many Others • High Growth Area – Population in a 5-Mile Radius Has Increased More Than 81% Since 2000 and Has a Projected Continued Growth of 15.21% • Average Household Income is 1.5x the National Average • Year-Over-Year Growth In Bank Deposits – 2016 Deposits Over $59M • Texas Has No State Income Tax
PROPERTY TAXES
| Parcel Number | R481511 | Improvements Assessment | $891,704 |
| Land Assessment | $1,551,461 | Total Assessment | $2,443,165 |
PROPERTY TAXES
