702 Shady Ln Austin, TX

Listing office Aquila Commercial Show Phone

Listing date Nov 21, 2025

Source Moodyscre

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Investment Insights

Based on property information with market context.

The property at 702 Shady Lane, Austin, TX, is a 13,183-square-foot retail building situated on 0.44 acres in the heart of East Austin. Substantially improved in 2021, the building accommodates Wanderlust Wine Co.’s self-pour wine concept and event space. It features flexible floor plans, updated systems, and a large outdoor patio. The property is currently under a 10-year absolute NNN lease with Wanderlust, which commenced in June 2021, and includes 2.5% annual rent escalations. A new roof (flat section) was installed in 2021, and the sloped roof is less than five years old and in good condition following a professional inspection. Three new 10-ton commercial HVAC units were added in 2021.

Key Highlights

• Current 10‑year absolute NNN lease with Wanderlust (commenced June 2021) provides stable, passive income.
• 2. 5% annual rent escalations ensure increasing returns on investment.
• Substantially improved in 2021, minimizing near‑term capital expenditures.

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FAQs

What type of property is this?

Retail space - 13,183 SF retail building in the heart of East Austin.

Where is this retail space located?

The property is located at 702 Shady Ln Austin, TX.

What is the asking price?

The asking price for this property is $5,100,000.

What are key features of this property?

This property features: Current 10‑year absolute NNN lease with Wanderlust (commenced June 2021) provides stable, passive income.; 2. 5% annual rent escalations ensure increasing returns on investment.; Substantially improved in 2021, minimizing near‑term capital expenditures.