11643 Research Blvd Austin, TX 78759

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.