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Advance Auto Parts 681 W. Broade st 6,889 SF Retail Building Leander, TX 78641 $3,882,266 ($563.55/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 2025 Construction. 6,889+/- SF Building on 1.739+/- Acre Site
- Leander Is Evolving Into a Vibrant Regional Hub as Major Developments, Healthcare Expansion, & Housing Growth Drive Commerce & Technology
- Located 30 Mins. from Austin & has a Fast-Growing, Affluent Population w/ Avg. HH Income of $165,800 in a 3-Mile Radius
- Located on Broade St & Hero Way (20,900+ Combined VPD), just West of US Highway 183 & 183A Toll Road (68,300+ Combined VPD)
- Across from H-E-B Plus & Located Adjacent to Leander’s New Hero Way Crossing Development
- Leander | Located in Austin MSA – One of the Fastest Growing Cities in U.S. | Population: 86,469+; MSA: 2.55M+
EXECUTIVE SUMMARY
15-Year Modified NNN Lease w/ 10% Increase Every 5 Yrs. after Yr. 10 of Primary Term & 10% Increases in (5), 5-Yr. Options
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,889 SF
Building Class
B
Year Built
2025
Price
$3,882,266
Price Per SF
$563.55
Cap Rate
6%
NOI
$232,936
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.74 AC
Zoning
F1 - Commercial
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R586909 | Improvements Assessment | $33,553,911 |
| Land Assessment | $19,696,089 | Total Assessment | $53,250,000 |
PROPERTY TAXES
Parcel Number
R586909
Land Assessment
$19,696,089
Improvements Assessment
$33,553,911
Total Assessment
$53,250,000
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Advance Auto Parts | 681 W. Broade st
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