Take 5 Oil Change Ground Lease 125 Main st 1,708 SF Retail Building Leander, TX 78641 $1,826,000 ($1,069.09/SF) 5.75% Cap Rate

The subject property is strategically positioned with excellent visibility along North U.S. Highway 183 (28,050 AADT). It is part of the new Southbrook Station retail and restaurant development, featuring national and regional tenants including Cava, Firehouse Subs, Crust Pizza, Coldstone, Shipley Donuts, Einstein Bros. Bagels, Smoothie King, McAlister’s Deli, Paris Baguette, Smalls Sliders, Great Clips, Enamel Dentistry, Prime IV Hydration & Wellness, CareNow Urgent Care, and others.
Directly across US-183 is Northline, a new 116-acre master-planned mixed-use district that will serve as Leander’s new downtown, with 2,000 apartments, 240 townhomes, 225,000 square feet of retail, 1.9 million square feet of office space, a hotel, and public gathering spaces. Adjacent to Northline is St. David’s HealthCare’s existing 52-acre medical complex, which is expanding with a $182 million full-service hospital. The MetroRail Leander Park & Ride station and Austin Community College’s San Gabriel Campus, serving 2,200 students, are also located just across US-183, driving significant traffic to the area.
Leander (population 81,371) is located in northwest Austin along the rapidly growing US-183A corridor. Just 20 miles from downtown Austin, Leander has experienced substantial growth driven by its proximity to Austin, the city’s northward expansion, affordable housing, a top-tier school district, a strong business climate, and a city-led focus on strategic planning and quality of life. Leander has consistently ranked among the fastest-growing cities in the U.S., named “The Nation’s Fastest-Growing Large City” by the U.S. Census Bureau in 2019. Its population more than doubled from 2010 to 2020.
Leander is easily connected to Austin via US-183, which has undergone major expansion in response to area growth, and by the MetroRail line, whose northern terminus is the Leander Station and Park & Ride along the highway.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.