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11643 Research Blvd, Austin, TX

$5,910,000

11643 Research Boulevard, Austin, TX 78759

Active
Last Updated: 10/28/2024

5

Cap Rate

295,500

NOI

Details:
Cap Rate:    5%
NOI:    $295,500
Building Size:    3,650 sqft
Lot Area:    0.61 acres
Lease Type:    Absolute Net
Year Built:    1982
Highlights:
  • NNN Property: Tenants pay their share of CAM, Taxes and Insurance.
  • Long Term Lease: 7-Eleven just renewed for a brand new 15-year lease and IVape is starting on a brand new 5-year lease.
  • High Traffic Counts: 139,000+ vehicles per day on Highway 183.
  • Strategically Located: Located on the off ramp of Highway 183 that runs through the central part of Austin, TX connecting various neighborhoods, suburbs and commercial areas.
  • Hedge Against Inflation: Built in rental increases - 10% every 5 years from 7-Eleven and 3% annually from IVape.
  • Proven location: 7-Eleven has already performed at this location for 10+ years.
  • Top-Rated Tenant: 7-Eleven has investment-grade credit, rated ‘A’ by Standard and Poor’s.
  • Iconic Brand: 78,000+ Locations Worldwide, 9,400+ in the United States, headquartered in Dallas, TX.
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Documents:
Title
Offering Memorandum
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