13341 West Ave Austin, TX 78737

Property Details for 13341 West Ave

Year built

2024

Lot size

1.42 lot acres

Property size

11,474 SF

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.

Location Insight

City

Austin

County

Hays

State

Texas

Longitude

-97.9926

Latitude

30.1984