Current Use by Public Records
- Lifestyle centers
Property Details for 13341 West Ave
- Year built
- 2024
- Lot size
- 1.42 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 11,474 square foot shopping center, built in 2024, presents a compelling investment opportunity. Located at 13341 West U.S. 290 in Austin, Texas (zip code 78737), this single-story building sits on a 1.42-acre lot and boasts five tenants: Pacific Dental, Shiply Do-Nuts, GLO30, Betty Lash, and TLS Pilates. The property enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $525,741 and a 6.25% cap rate. The asking price is $8,412,000. This net lease investment features a diverse tenant mix, providing stability and resilience. Four of the five leases include annual rental escalations. The property benefits from excellent visibility and access along US-290 (39,366 AADT), near its intersection with Sawyer Ranch Road, within the rapidly growing Austin suburb of Dripping Springs. Its prominent location fronts the Sawyer Ranch Crossing office park, a new development encompassing office, medical, retail, and restaurant spaces. A new Frost Bank branch is directly adjacent. The area demonstrates robust demographics, with a population of 191,467 within a 10-mile radius and an average household income within a 1-mile radius of $208,327. Significant residential development is projected to increase the population within the trade area by 39% over the next five years. The average home value within a 5-mile radius is $725,368. This property offers a rare combination of new construction, strong tenant occupancy, and exceptional location within a thriving Austin suburb. The property includes a drive-thru component.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Hays
- State
- Texas
- Longitude
- -97.9926
- Latitude
- 30.1984
