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6430 S Interstate 35 3,253 SF Retail Building Austin, TX 78745 $2,400,000 ($737.78/SF) 6.81% Cap Rate
Investment Highlights
- Healthy Store Sales
- Absolute Net Lease
- Income Tax Free State
- Hard Corner Location
Executive Summary
Surmount is pleased to present the exclusive listing for a Taco Cabana located at 6430 South Interstate 35 Frontage Road, Austin, TX 78745. The site consists of roughly 3,253 rentable square feet of building space on an estimated .97-acre parcel of land. Taco Cabana is subject to a 25-year Triple Net (NNN) lease, which commenced 7/7/2003. The current annual rent is $163,489 and has scheduled increases of 1.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,253 SF
Building Class
B
Year Built
1995
Price
$2,400,000
Price Per SF
$737.78
Cap Rate
6.81%
NOI
$163,489
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.97 AC
Zoning
CS, Austin
Frontage
190’ on S Interstate 35
Amenities
- Freeway Visibility
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 372885 | Improvements Assessment | $1,009,735 |
| Land Assessment | $1,053,975 | Total Assessment | $2,063,710 |
Property Taxes
Parcel Number
372885
Land Assessment
$1,053,975
Improvements Assessment
$1,009,735
Total Assessment
$2,063,710
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6430 S Interstate 35
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