Austin County (Texas, US)
$5,286,000 MXN Dollars

Keller Williams Realty


User Photo
Margarita Dove
512 657-5795(Cell)


 
Details

Address: Chipotle Anchored Shops 1700 East Oltorf Street, Building 1 Austin, TX Cap Rate 5.5%
Type: Commercial
Style:  Commercial
Development Level: Built
Size: 7,821 sq. ft.
Lot Size:  1.631acres 
MLS#: 
 
Description

Chipotle Anchored Shops 1700 East Oltorf Street, Building 1 Austin, TX Cap Rate 5.5%

Cap Rate 5.5%
NOI $290,755
Building Size 7,821 sqft
Lot Area 1.631 acres

DESCRIPTION

The subject property is ideally located with excellent access and visibility along East Oltorf Street (44,281 AADT) adjacent to its junction with the I-35/US-290 arterial (205,000 AADT) approximately 2 miles from Downtown Austin. The site benefits from robust demographics with a total daytime population of 497,705 within 5 miles of the site. Average household income within a 3 mile radius exceeds $87,472, and nearly half the population within 5 miles of the site have earned a bachelor’s degree or higher, exceeding the national average.

The property benefits from a prominent retail location neighboring numerous major retail tenants and shopping centers. Retail centers neighboring the site include Parke Greene, anchored by DD’s Discounts; South Shore, featuring Walgreens and Starbucks; Brodie Oaks, anchored by Sprouts Farmers Market and Hobby Lobby; and more. Other major retail tenants in the surrounding area include Walmart Supercenter, CVS, H-E-B, and The Home Depot.

In addition, the property is located approximately 1 mile from St. Edward’s University, with 4,300 students enrolled, and approximately 4 miles from the University of Texas at Austin, the city’s second largest employer with a staff of more than 27,000 and student body of approximately 52,000. In addition, the property is located in close proximity to William B. Travis High School and Lively Middle School, drawing additional traffic from students, parents, and teachers to the site. Oracle’s new 40-acre Austin campus is located just over a mile from the site on the riverfront. With over $1 billion invested to date, the company plans to employ and house up to 10,000 employees.

HIGHLIGHTS
• Fully Leased Retail Shops Building Anchored by Chipotle (NYSE:CMG)
• 100% of Tenants on 10+ Year Leases with Scheduled Rental Escalations
• Student Population of 56,000+ within 5 Miles of Site
• Excellent Access and Visibility Adjacent to I-35 Arterial - Combined AADT of 249,281
• Total Daytime Population of 497,705 within 5 Mile Radius
• Only 2 Miles from Downtown Austin

Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: (81) 1599 75 36
# ID de Propiedad: 358038156
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.


 
Brokered and Advertised by:
   BAI-MEX Bienes Raíces y Negocios
 
P2#436605332

Information is deemed to be correct but not guaranteed.