Absolute NNN Ground
For Sale
Contact for pricing
4701 Mueller Blvd, Austin, TX 78723
Long-term lease structure assigns taxes, insurance, and maintenance responsibilities to the tenant.
Property SizeContact for details
Lot Size4.92 Acres
Days on Market142
Property Features for 4701 Mueller Blvd
General Information
Standard status
Active
Lot size
4.92 Acres
Property subtype
Multifamily, Retail
Building Details
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
Listed By:
BJ Feller · License #IL 471007951
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 30 at 8:45AM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
The property is an unsubordinated 99-year absolute NNN ground lease beneath a newly constructed, Class A mixed-use development. The ±4.922-acre parcel includes 648 luxury apartment units and approximately 9,920 square feet of ground-floor retail within Mueller Town Center in Austin, Texas.
The lease provides annual CPI-based rental increases with a 1.00% floor and a 3.50% cap. The tenant is responsible for taxes, insurance, and maintenance, leaving no landlord operating responsibilities under the absolute NNN structure. A guaranty remains in effect until delivery of both a Certificate of Occupancy and Certificate of Completion, while the tenant is contractually required to complete the vertical improvements and deliver the required certificates.
The lease provides annual CPI-based rental increases with a 1.00% floor and a 3.50% cap. The tenant is responsible for taxes, insurance, and maintenance, leaving no landlord operating responsibilities under the absolute NNN structure. A guaranty remains in effect until delivery of both a Certificate of Occupancy and Certificate of Completion, while the tenant is contractually required to complete the vertical improvements and deliver the required certificates.
Key Highlights
- Unsubordinated 99‑year absolute NNN ground lease
- ±4.922‑acre parcel beneath a newly constructed, Class A mixed‑use development
- 648 luxury apartment units and approximately 9,920 square feet of ground‑floor retail
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,687
Businesses Nearby
Explore this area
Business Placement
Demographics for 78723, TX
34,522
Population
17,065
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,862
Density / Sq Mi
$87,978
Median Household Income
$54,769
Median Earnings
$1,478
Median Rent
$513,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Long-term lease structure assigns taxes, insurance, and maintenance responsibilities to the tenant.
Where is this nnn property located?
The property is located at 4701 Mueller Blvd Austin, TX.
What are key features of this property?
This property features: Unsubordinated 99‑year absolute NNN ground lease; ±4.922‑acre parcel beneath a newly constructed, Class A mixed‑use development; 648 luxury apartment units and approximately 9,920 square feet of ground‑floor retail
