4501-4601 W Braker Ln
Austin, TX 78759
Braker Lane Crossing · Retail Property For Sale

Price: Best Offer Tenants: Office Depot, Ross, Floor & Décor, Boston Market, Einstein Bros Bagels Braker Lane Crossing (the Property ) is a high quality 108,000 square foot community center located in one of the most prominent regional retail hubs in northwest Austin, Texas. The Property is proximate to several large format retailers including Costco and HEB in addition to nationally recognized mixed-use developments such as The Domain, Gateway, and The Arboretum. These renowned developments generate significant traffic in and around the Property providing stability within the retail submarket. Additionally, the Property is currently ground leased from the University of Texas ( U.T. ) and has been capitalized, within no future ground lease payments owed. Braker Lane affords prospective buyers stable income with potential upside with the Floor & Décor' s market renewal approaching in May 2017. At a current rent of $13 psf, we could see this rate jump to $15 psf created a value add component day one. Located within a high-barrier-to-entry submarket with tight retail supply and below market rents, Braker Lane Crossing offers investors stable cash flows through the remaining lease term and the possibility of upside in the future by extending or buying out the ground lease from U.T.