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Austin Retail Investment Opportunity

11643 Research Blvd, Austin, TX

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For Sale

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NNN property with long-term leases and high traffic counts.

Type:RETAIL

Property size:

3,650 SF

Lot size:

0.59 Acres

Price / SF:

$1,471/SF

HighLights

Investment‑grade tenant: 7‑Eleven, rated 'A' by Standard and Poor's
Long‑term leases: 15‑year lease with 7‑Eleven and 5‑year lease with IVape
High traffic location: 139,000+ vehicles per day on Highway 183
Hedge against inflation: Built‑in rental increases with both tenants
Proven 7‑Eleven location: Operating successfully for 10+ years
Located in a major MSA market: Austin, TX, a fast‑growing and populous city

We can help!

Listing Contact

Nick Hahn

For Sale

Contact for pricing

NNN property with long-term leases and high traffic counts.

Type:RETAIL

Property size:

3,650 SF

Lot size:

0.59 Acres

Price / SF:

$1,471/SF

Added:: Feb 27, 2024
Days on Market:: 832
Last Refresh:: May 20 at 8:50 pm

Property Features for 11643 Research Blvd

General Information

Standard status: Active
Size: 3,650 SF
Lot size: 0.59 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Nick Hahn

Listing agent Nick Hahn

Listing office Matthews Real Estate Investment Services

Listing date Feb 27, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services

HighLights

Investment‑grade tenant: 7‑Eleven, rated 'A' by Standard and Poor's
Long‑term leases: 15‑year lease with 7‑Eleven and 5‑year lease with IVape
High traffic location: 139,000+ vehicles per day on Highway 183
Hedge against inflation: Built‑in rental increases with both tenants
Proven 7‑Eleven location: Operating successfully for 10+ years
Located in a major MSA market: Austin, TX, a fast‑growing and populous city

Overview

This retail property is located on the off ramp of Highway 183 in Austin, TX, a location with traffic counts exceeding 139,000 vehicles per day. The property is situated in an affluent area with an average income of over $112,000 within a 3-mile radius and a dense area with over 252,000 residents within 5 miles. The location has demonstrated consistent population growth over the past 10 years, with continued projected growth in the future. Nearby attractions include The Domain, Arboretum at Great Hills, Top Golf, Austin Aquarium, Balcones District Park, and Oak View Park. The property is a NNN property where tenants pay their share of CAM, Taxes and Insurance. The property is occupied by 7-Eleven and IVape. 7-Eleven has investment-grade credit, rated ‘A’ by Standard and Poor’s, with over 78,000 locations worldwide and over 9,400 in the United States. 7-Eleven has been operating at this location for over 10 years and has just renewed for a new 15-year lease. IVape is starting on a new 5-year lease. The leases include built-in rental increases of 10% every 5 years from 7-Eleven and 3% annually from IVape. The property size is 3,650 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Texaco Austin Grocery & Convenience Store BBVA Compass ATM Atm 7-Eleven Grocery & Convenience Store MoneyGram Bank Speedy Cash Loan Service

Suggested Use

Location Insight

Map
Local Demand

City: Austin
County: Hays
State: Texas
Longitude: -97.7458
Latitude: 30.4166

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What type of property is this?

Grocery and convenience store - NNN property with long-term leases and high traffic counts.

Where is this grocery and convenience store located?

The property is located at 11643 Research Blvd Austin, TX.

What is the asking price?

The asking price for this property is $5,372,727.

What are key features of this property?

This property features: Investment‑grade tenant: 7‑Eleven, rated 'A' by Standard and Poor's; Long‑term leases: 15‑year lease with 7‑Eleven and 5‑year lease with IVape; **High traffic location:** 139,000+ vehicles per day on Highway 183

11643 Research Blvd, Austin, TX

NNN property with long-term leases and high traffic counts.

Property Features for 11643 Research Blvd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Freestanding Restaurant Site

Versatile Commercial Building in Avery Ranch

Austin Mixed-Use Commercial Property

South Congress Live/Work Condo

East Austin Commercial Property

East Austin Commercial Condo

Austin Commercial Property with Character

Highway 290 Frontage Commercial Property

Charming Office Building in Austin

Stylish Mixed-Use Home Near Congress

New Austin Office/Warehouse Facility

Prime Location Retail/Office Opportunity

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