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Chipotle & Heartland Dental 821 N Highway 183 5,940 SF 100% Leased Retail Building Leander, TX 78641 $4,523,000 ($761.45/SF) 5.80% Cap Rate
Investment Highlights
- Best In Class Tenant Line Up; Chipotle & Hero Way Dental Care (Heartland Dental)
- Average Lease Term Expiration June 2032
- Nearby National Retailers include H-E-B, Lowe’s, Petco, Chick- Fil-A, Whataburger, Panda Express, CareNow, McDonalds, AT&T & Fleet Feet Among Others
- 5.80% Cap Rate At List Price After October 2027 According to Current Leases
- Benefits from Parallel Positioning to US Highway 183, Drive Thru & Outdoor Patio for Chipotle & Shallow Bay Depth
- 3,638% Increase in Population within 1-Mile Radius since 2000
Executive Summary
100% Leased, 5,940 SF Two Tenant Retail Center | 2021 Construction
Affluent Northern Austin Submarket with Average Household Income Exceeding $136,600, $153,800 & $165,100 in 1-, 3-, & 5-Mile Radius
Affluent Northern Austin Submarket with Average Household Income Exceeding $136,600, $153,800 & $165,100 in 1-, 3-, & 5-Mile Radius
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,940 SF
Year Built
2021
Price
$4,523,000
Price Per SF
$761.45
Cap Rate
5.80%
NOI
$262,334
Percent Leased
100%
Building Height
1 Story
Building FAR
0.12
Lot Size
1.16 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Strong public transit
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R607107 | Improvements Assessment | $2,815,355 |
| Land Assessment | $721,354 | Total Assessment | $3,536,709 |
Property Taxes
Parcel Number
R607107
Land Assessment
$721,354
Improvements Assessment
$2,815,355
Total Assessment
$3,536,709
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Chipotle & Heartland Dental | 821 N Highway 183
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