Applebee’s Absolute Triple Net (NNN) Lease 6315 S Ih 35, Austin, TX Cap Rate 7% Austin ( Texas, US ) Built

$3,928,571 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 4,961 sq. ft.
  • Development Level: Built
  • Lot Size: 1.35 acres
  • Year Built: 1995

Description

Applebee’s Absolute Triple Net (NNN) Lease 6315 S Ih 35, Austin, TX Cap Rate 7%

Cap Rate: 7%
NOI: $275,000
Building Size: 4,961 sqft
Lot Area: 1.35 acres
Lease Type: Absolute Net
Year Built: 1995
Price Per Sqft: $791.89
Roof: Tenant's Responsibility
HVAC: Tenant's Responsibility
Floor: Tenant's Responsibility

DESCRIPTION
Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,961 SF Applebee’s in Austin, TX. This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities Located in an Area With 132,302 Residents Within a 3-Mile Radius.

HIGHLIGHTS
• Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities to Begin in February 2021
• Successful Long Term Operating History With Veteran Franchisee
• Premier Austin Location at William Cannon Drive (Major E/W Corridor) Along IH 35 in South Austin – High Barrier to Entry
• Excellent Demographics With a Population of Over 132,302 Residents Making an Average Household Income of $74,563 Within a 3-Mile Radius
• 3.5-Miles From SouthPark Meadows – South Austin’s Open Air Shopping Destination With Over 100 Stores Spread Out Over 1,000,000 SF
• Located in a High Traffic Area With Combined Traffic Counts of Over 248,600 VPD at William Cannon and IH 35
• Just 7-Miles to Downtown Austin; 8-Miles to the Austin Bergstrom International Airport; and 11-Miles to the Circuit of the Americas F1 Track/Germania Amphitheatre
• Austin Has Been Ranked #1 in the “Fastest Growing City in the U.S.” Since 2010; and the “Best Place to Live” According to the 2018 U.S. News & World Report
• Texas is an Income Tax Free State
• Nearby Tenants Include: Buffalo Wild Wings, Chili’s, Regal Metropolitan Cinema, Twin Peaks, Krispy Kreme, Fiesta Mart, Texas Land & Cattle, Lowe’s, Chipotle, Jiffy Lube, Jimmy John’s, Chase Bank, Bank of America, Pizza Hut, Holiday Inn, Carvana, Capitol Chevrolet and Many More.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.