9511 Lamar Blvd Austin, TX 78753-4107
- Medical offices
- 3,958 SF
- 0.68 lot acres
Current Use by Public Records
- Jefferson Dental & Orthodontics / Dentist / Cosmetic Dentist
Property Details for 9511 Lamar Blvd
- Year built
- 1987
- Construction
- STEEL FRAME
- Lot size
- 0.68 lot acres
- Property size
- 3,958 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 243170319
- APU
- 243170319
Description
This exceptional investment opportunity presents a single-tenant, net-leased dental office located at 9511 N Lamar Blvd, Austin, TX 78753. The 4,053 square foot property, built in 1987 and situated on a 0.68-acre lot, is currently leased to Jefferson Dental Care, a corporate tenant with 63 locations across Texas. The lease, commenced January 25, 2020, has a remaining term of over six years, expiring January 31, 2030, with three 5-year renewal options at a 9% increase. The current annual net operating income (NOI) is $154,014, representing a 6.50% cap rate on the $2,370,000 asking price. The property benefits from a high-traffic location, with 38,000 vehicles passing daily, and enjoys excellent visibility as a hard-corner location across from an H-E-B grocery store. This desirable Austin location is in a dense urban submarket, boasting 141,000 residents within a 3-mile radius and proximity to Q2 Stadium, The Domain, and numerous corporate headquarters, including those of major tech companies and Fortune 500 firms. A significant rent bump of $40 per square foot is scheduled for February 1, 2027. The property's APN is 249278. This is a strong, stable investment in a rapidly growing market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.6957
- Latitude
- 30.3645
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
