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Westgate Center For Sale

$3,200,000

4526 West Gate Boulevard, Austin, TX 78745

Active
Last Updated: 10/14/2024

5.92

Cap Rate

189,379

NOI

Details:
Cap Rate:    5.92%
NOI:    $189,379
Building Size:    6,054 sqft
Lot Area:    0.5165 acres
Lease Type:    Absolute Net
Year Built:    1979
Description:

INVESTMENT HIGHLIGHTS
• Very strong demographics: population over 116k+ with Avg. HH income $140k+ within 3 miles. 330k+ Avg. HH Income $148k+ within 5 miles
• All tenants have annual base rent increases
• 100% NNN leased
• Juiceland: A tenant since 2014 doubled the size of their space in 2022
• Vape Shop: A tenant since 2013 recently signed their 2nd 5-year lease renewal
• Excellent road front visibility & easy access to hwy 290/71, Mopac, 360 and S. Lamar Blvd
• In an area with high residential density and very strong daytime employment population
• Located across the street from a Central Market anchored shopping center. One of only 2 Central Markets (HEB’s upscale format stores) in all of Austin

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