Current Use by Public Records
- Retail properties & Spaces
Property Details for 9605 Menchaca Rd
- Year built
- 2022
- Lot size
- 0.86 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a freestanding, 890 square foot Dutch Bros Coffee shop built in 2022. Located at 9605 Menchaca Rd, Austin, TX 78748, this Class A property sits on a 0.86-acre lot with 8 parking spaces. The property benefits from a hard corner location with excellent visibility on Menchaca Road, boasting over 32,000 vehicles per day. The absolute NNN lease, with a corporate guarantee, features a 15-year term commencing January 17, 2023, and expiring January 31, 2038, leaving over 13 years remaining. Rent is $127,644 annually, with a 10% increase every five years, providing a strong hedge against inflation. The property's strong performance is reflected in a 5.00% cap rate and a current NOI of $127,644. The surrounding area is densely populated and affluent, with over 114,600 residents within a 3-mile radius and an average household income exceeding $129,000. The location is in the heart of South Austin's Bar & Entertainment District, near major developments and numerous national retailers, including a nearby H-E-B anchored shopping center. The tenant, Dutch Bros Coffee, is a rapidly expanding national chain, currently the third largest coffee chain in the US, with significant growth projections. This investment offers a compelling combination of strong tenant performance, a prime location, and a long-term, passive income stream. The property is located in Travis County, Texas, an income tax-free state. Four, five-year lease options are included.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.8219
- Latitude
- 30.1759
