Box Boyz Barbershop | NNN Condo at East Village

Highlights:

• Recently Extended NNN Lease - Demonstrating Commitment to the Site
• Excellent Location - Off the Corner of E 11th Street and Lydia Street in the Heart of East Austin
• Strong Growth and Demographics - 15.0 Percent Population Increase Recorded Between 2020-2024 with an AHHI of $132,651 (1 mi radius)

Description:

Marcus & Millichap is pleased to offer for sale the retail condominium located at 1200 E 11th Street, Unit 105, Austin, Texas 78702. This 520 SF retail condo is situated in the mixed use East Village development, which was built in 2009.

Box Boyz (the Tenant) has occupied the space since 2023 and recently extended their NNN lease until 2030, demonstrating their commitment to the site. BoxBoyz have 4 locations in the Austin area. The rental amount increases yearly, providing a hedge against inflation for a new
buyer. Lessee is responsible for taxes, maintenance, utilities, and insurance. Landlord is responsible for maintenance of common areas (bathrooms, entry ways, etc.), and base rent includes the monthly HOA charge ($204.16/mo).

The property is situated off the corner of E 11th Street and Lydia Street in the heart of East Austin. The area is extremely walkable and is located near Austin staples such as Quickie Pickie, Paperboy, Hillside Farmacy, Vintage Bookstore, and more. The site is also proximate to Hutson Tillotson University. Nearby growth and demographics are strong - a 15.0 percent population increase was recorded between 2020-2024 with an average household income of $132,651, both within a mere mile of the site.

This offering would be an excellent investment opportunity for an investor who is looking for a bite-sized deal to place capital in one of Austin's hottest submarkets via a long-term lease.

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