4230 Duval St
Austin, TX 78751
Julio's Cafe - Restaurant · Retail Property For Sale

• Rare Infill Location: This is a high pride of ownership location. The Property is situated in the Hyde Park neighborhood, located approximately 1 mile from the University of Texas campus. • Built-In Upside: Several of the current tenants have contractual rental escalations structured in their leases as well as percentage rent virtually guaranteeing future income growth over the next several years. • Virtually Immune to Competition: Duval Center is one of the only properties zoned commercial in the Hyde Park neighborhood. The tenancy of Duval Center consists of restaurant oriented uses, mitigating the risk of e-commerce competition, while also filling the “experiential retail” need expected by consumers today. • Brand New Roof: The roofing was just replaced and under a 25 year warranty (with the exception of the laundromat which will be replaced as the space is re-tenanted). • Tremendous Trade Area with High Growth & Incomes: High growth has been consistent in this area as evidenced since 2010, with 23.31% growth occurring within a one-mile radius. This same trade area has indications of 10.31% growth projected over the next five years. Within a three-mile radius of Duval Center, there are currently 176,422 residents, which increases to 390,681 residents within five miles of the Property. Additionally, the household incomes of the resident population within a three and five miles radius are $90,763 and $90,525 respectively, which is about 1.2 times the national average. • Remodeling: Projects are in the process of being permitted that should dramatically increase sales. • Outstanding Tenant Longevity: The Property has seen high tenant retention with 83% of the current tenant lineup at the Property for 25 years or more. Quacks bakery has been operating for 34 years at this location, Julio’s for 26 years and Dolce Vida for 25 years. The tenant’s commitment to the location provides investors with a stable cash flow stream and a strong platform to grow income.