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Taco Cabana | Abs NNN Corporate Signed Lease 9705 Manchaca Rd 3,216 SF Retail Building Austin, TX 78748 $3,017,000 ($938.12/SF) 6% Cap Rate
Investment Highlights
- Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
- Tanglewood Village Shopping Center | Southpark Meadows |Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In The Immediate Trade Area
Executive Summary
• Taco Cabana corporate signed lease
• 5 years remaining with 2 (5-year) option periods to extend
• The lease features 11.4% rental increases at the beginning of each option period
• 5 years remaining with 2 (5-year) option periods to extend
• The lease features 11.4% rental increases at the beginning of each option period
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,216 SF
Building Class
B
Year Built
1997
Price
$3,017,000
Price Per SF
$938.12
Cap Rate
6%
NOI
$181,020
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Zoning
GR-Co, Austin
Parking
54 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
163’ on Manchaca Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Drive Thru
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 430699 | Improvements Assessment | $1,292,400 |
| Land Assessment | $653,400 | Total Assessment | $1,945,800 |
Property Taxes
Parcel Number
430699
Land Assessment
$653,400
Improvements Assessment
$1,292,400
Total Assessment
$1,945,800
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Taco Cabana | Abs NNN Corporate Signed Lease | 9705 Manchaca Rd
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