Current Use by Public Records
- Dr. Andre Levesque / Physician / Medical Clinic
- Acupuncture Plus / Alternative Medicine Practice / Acupuncture
- Dr. Guoen Wang - Acupuncture Plus / Alternative Medicine Practice / Acupuncture
- Austin Acupuncture and Massage / Alternative Medicine Practice / Acupuncture
- Lindsay Saulsgiver / Physician
Property Details for 11851 Jollyville Rd
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a 3,173 square foot medical office building in Austin, Texas, currently 100% occupied by a credit-rated dental tenant. The property is offered at $1,625,000, representing a compelling $512.13 per square foot price and a 7.75% capitalization rate based on a Net Operating Income (NOI) of $126,000. The tenant, a well-established dental practice backed by a large, private equity-funded dental group with over 700 locations nationwide, holds a Net Lease (NNN) agreement with minimal landlord responsibilities. The lease includes a 5-year option with a 5% rent bump, demonstrating the tenant's long-term commitment to the location. Situated at 11851 Jollyville Rd, Austin, TX 78759, this property benefits from its location in an affluent area with an average household income exceeding $128,654 within a 3-mile radius and a population exceeding 99,400 within the same area. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity for discerning buyers seeking a stable, high-yielding asset in a thriving market. The building consists of a single unit and offers significant upside potential.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.7555
- Latitude
- 30.4232
