Marcus & Millichap is pleased to present the opportunity to acquire a 3,000-square-foot, multi-tenant retail center in a densely populated area of Austin, Texas. The center is 100 percent occupied with all triple net leases. The tenant base is a complementary mix of internet-resistant, service-oriented business, including Dominos Pizza and Smoke & Toke. Constructed in 2017, the building is situated on a 0.96-acre lot with concrete parking. The end cap suite leased to Domino’s Pizza features a drive through window. Both Domino’s Pizza and Smoke & Toke are personally guaranteed by multi-unit operators.
The subject property is located at the signalized, hard intersection of Nuckols Crossing Road and Stassney Lane with approximately 15,588 vehicles per day. Nuckols Crossing is shadow-anchored by a Family Dollar, and surrounded by many national and regional retailers including O’Reilly Auto Parts, Sonic Drive-In, Church’s Chicken and Dollar General. Surrounding Demographics are strong with a population exceeding 246,105 residents within a five-mile radius, and an average household income of $67,835 within a one-mile radius; $68,570 within a three-mile radius; and $84,537 within a five-mile radius.
- 3,000-Square-Foot, Multi-Tenant Retail Center
- 100% Occupied | Fully Stabilized Asset
- Situated on a 0.96-Acre Lot with Concrete Parking
- End Cap Suite Leased to Domino’s Pizza Features a Drive-Through Window
- Below Market Rent with All-Triple Net Leases | Minimum LL Responsibilities
- Tenant Base is a Complementary Mix of Internet Resistant, Service-Oriented Businesses and Restaurants
- Smoke & Tokes has Annual 3% Base Rent Increases to Hedge Against Inflation
- Both Leases Personally Guaranteed by Multi-Unit Operators
- Situated at the Signalized, Hard Intersection of Nuckols Crossing and Stassney Lane with Approximately 15,588 Vehicles per Day
- Shadow Anchored by Family Dollar, and Surrounded by Many National and Regional Retailers Including O’Reilly Auto Parts, Sonic Drive-In, Church’s Chicken and Dollar General | In Close Proximity to Mendez Middle School and Widen Elementary School Driving More Traffic to the Center
- Desirable Demographics | Densely Populated with Approximately 246,105 Residents Within a Five-Mile Radius | The Average Household Income is Approximately $67,835 within One Mile; $68,570 within Three Miles; $84,537 within Five Miles
- The City of Austin is the State Capital of Texas and the Fourth-Most-Populous City in Texas | Also Home to The University of Texas at Austin, Serving a Population of More Than 50,000 Students
