Marcus and Millichap is pleased to present the opportunity to acquire a 13,449-square-foot, multi-tenant retail center in a dense retail corridor of Austin, TX. The center is 100% occupied, complete with all triple-net leases. The tenant base is a complementary mix of retail and service-oriented businesses, including Mattress Firm, Swish Dental, and The UPS Store. Constructed in 2013, Shops at Domain is situated on 1.34 acres of prime real estate in the booming Domain shopping area.
The subject property is located at the intersection of Braker Lane and Domain Drive. It has excellent visibility and benefits from high traffic volume with over 32,000 vehicles per day on Braker Lane. The center is situated at the edge of The Domain, a Simon Center shopping mall. The Domain features over 100 upscale and mainstream retail stores and restaurants as well as more than 800 residential units and ample Class A office spaces. The property is also just a block away from Q2, the Major League Soccer Stadium home of Austin F.C. The stadium hosts all Austin F.C home games as well as the 2025 MLS All-Star game and multiple international matches. It currently holds the longest sellout streak in the MLS with 70 games in a row and over 1,300,000 fans. The area surrounding the subject property is dense with national retail tenants such as Target, Whole Foods, Lowe’s ,Home Depot, Marshalls, Walmart, H-E-B, and many others.
- Tenant Base Features a Complementary Mix of Retail and Service-Oriented Businesses Including Sleep Number, The UPS Store, Swish Dental, GLO30
- Rare 54 Designated Parking Spots Specifically For Center in Addition to All Neighboring Free Parking Garages
- Attractive Assumable Debt of $6,700,000 with 7 Years Remaining | First 2 Years Are IO and a Rate of 5.35%
- Desirable Plot of Land at Signalized Intersection of Braker Lane and Domain Drive | Extremely High Traffic Counts of Approximately 39,000 VPD on Braker Ln
- Located in Austin’s “Second Downtown” Tech and Retail Corridor | Corporate Offices for Amazon, Apple, IBM, Adobe, Meta | Over 100 Retail Stores and Restaurants Within Walking Distance | Multiple Residential Apartments and Hotels | Ample Office Spaces
- Walking Distance to Q2 Stadium | A Major League Soccer Stadium Home of Austin F.C | Over 1,300,000 Visitors
- 1.2M SF of Office Space Under Construction Within 1 Mile | Tech Employment Growth of 8.4% Year-Over-Year
- Retail Sales Reaching $18.4M Annually Within 5 Miles | Foot Traffic Up 12% From 2024 | Surrounded by National Retail Tenants Such as H-E-B, Target, Walmart, Whole Foods, Sephora, Home Depot, CAVA, Top Golf, and More
- The Area Maintains Strong Retail Occupancy at 98.2% | Average Rents of $65 Per Square Foot
- Densely Populated Area with over 130,000 Residents Within 3 Miles | Average Household Income Within 3 Miles is $104,357 | Population Expected to Grow by 10.46% Within 5 Mile Radius
- Austin MSA Population is Projected To Grow by Over 14 Percent Between 2023 and 2028, Adding Nearly 360,000 People to the Area
- 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 Annually
- Domain Office Market Has Highest Occupancy and Strongest Rent Growth for Professional Office Space in Austin MSA, Continuing Development Interest and Increased Demand
