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NWC Airport Blvd & Springdale Rd, East Austin 1119 Airport Blvd 2,464 SF Retail Building Austin, TX 78702 $1,750,000 ($710.23/SF) 6% Cap Rate
Investment Highlights
- Established Franchisee & Long-Term Lease: 10-Year NNN lease with a multi-unit Meineke franchisee
- Contractual Rent Growth: Rare 12% rental increase at the end of Year 5 of the initial term, with both extension options structured at Fair Market Valu
- High-Traffic & Dense Infill Setting: Surrounded by popular local destinations, major employment hubs, and modern residential developments (e.g., Sprin
- Dense & Growing Demographic Base: Densely-populated East Austin trade area with over 340,000 residents in a 5-mile radius
- Prime Hard-Corner Signalized Intersection: Located at the signalized intersection of Airport Blvd & Springdale Rd – one of East Austin's main intersec
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,464 SF
Building Class
C
Year Built
1949
Price
$1,750,000
Price Per SF
$710.23
Cap Rate
6%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.17
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
CS-MU-NP
Parking
10 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 195492 | Improvements Assessment | $230,790 |
| Land Assessment | $962,676 | Total Assessment | $1,193,466 |
Property Taxes
Parcel Number
195492
Land Assessment
$962,676
Improvements Assessment
$230,790
Total Assessment
$1,193,466
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