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4526 Westgate Blvd 6,056 SF 100% Leased Retail Building Austin, TX 78745 $3,100,000 ($511.89/SF) 6.28% Cap Rate
Investment Highlights
- Population over 108K with an average HH income of $154K+ within 3 miles. 214K+ population with an average HH income $161K+ within 5 miles.
- Excellent road front visibility and easy access to the Hwy 290/71 interchange, as well as the Mopac Expy, Hwy 360, and S. Lamar Boulevard.
- All tenants have annual base rent increases and are on NNN lease terms, providing a passive investment with minimal ownership responsibilities.
- Located across the street from a Central Market-anchored shopping center, one of two Central Markets (HEB's upscale store) in all of Austin.
Executive Summary
Resolut RE proudly presents the hands-off investment opportunity to acquire Westgate Center, located at 4526 West Gate Boulevard in Austin, Texas. The multi-tenant retail center is 100% occupied by internet-resistant tenants on NNN lease terms, providing new ownership with an income-generating and stabilized acquisition. The on-site tenant-mix includes Relax Day Spa, a local service-provider, Juiceland, a corporate store cafe location, and Austin Vape & Smoke, a retailer who has been on-site since 2013 and in their second five-year lease renewal.
Westgate Center is a premier investment for an out-of-town investor looking to add cash flow to their portfolio. Inquire today for more information
Westgate Center is a premier investment for an out-of-town investor looking to add cash flow to their portfolio. Inquire today for more information
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,056 SF
Building Class
C
Year Built/Renovated
1990/2024
Price
$3,100,000
Price Per SF
$511.89
Cap Rate
6.28%
NOI
$194,680
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.52 AC
Zoning
CS - Commercial | Service
Parking
25 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
211’ on West Gate Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 509343 | Improvements Assessment | $899,268 |
| Land Assessment | $450,000 | Total Assessment | $1,349,268 |
Property Taxes
Parcel Number
509343
Land Assessment
$450,000
Improvements Assessment
$899,268
Total Assessment
$1,349,268
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4526 Westgate Blvd
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