4526 Gate Blvd Austin, TX 78745-1491

Property Details for 4526 Gate Blvd

Year built

1979

Construction

WOOD FRAME

Lot size

0.52 lot acres

Property size

6,018 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

408130405

APU

408130405

Description

Exceptional investment opportunity: Westgate Center, a 6,054 square foot retail property in Austin, Texas, is offered at $3,200,000. This stabilized, multi-tenant (3 tenants) property boasts a 5.92% cap rate and a strong net operating income (NOI) of $189,379. Built in 1979, the 0.516-acre site features a prime location at 4526 West Gate Blvd, Austin, TX 78745, offering excellent road frontage and easy access to major highways (290/71, Mopac, 360, and S. Lamar Blvd). The property benefits from exceptional demographics, with over 116,000 residents and an average household income exceeding $140,000 within a 3-mile radius, and over 330,000 residents with an average household income of $148,000 within 5 miles. All three tenants are under NNN leases with annual rent increases. Two long-term tenants, one since 2013 and another since 2014 (expanding in 2022), demonstrate stability and growth potential. The property's location across from a Central Market-anchored shopping center further enhances its desirability. This is a rare opportunity to acquire a high-performing retail center in a thriving Austin market. The property is 100% occupied, minimizing vacancy risk. This is a triple-net (NNN) leased property, meaning the tenants are responsible for most operating expenses. The property is categorized as QSR/Fast Food, Restaurant, and Shopping Center.