POLLO CAMPERO | 15 YEAR ABSOLUTE NET LEASE 166 Slaughter

166 Slaughter , Austin, Texas, 78748 | 2,500 sq.f | $ 3,523,810

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About This Restaurant

Investment Highlights

15 Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Densely Populated and Affluent Area: Features an Average Household Income of more than $95k and 233k+ People Residing within a 5-Mile Radius. Positioned Along Area?s Major Traffic & Retail Corridor. Features Easy Access & Excellent Visibility near a Signalized Intersection. Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ?s, Business Parks, Regional Office Spaces, Distribution Centers, etc. Directly Across Southpark Meadows - a 1M+ Sq.Ft. Shopping Center anchored by Walmart, Super Target, Petsmart, Ulta Beauty, Old Navy, and more. Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.

Executive Summary

New High Quality Construction | Directly Across Major Shopping Center | Near Signalized Intersection | Immediate Access to Interstate-35 | Strong Daytime Employment Area - Densely Populated & Affluent Location | Austin Currently Ranks as the Fastest Growing Metro out of the 50 Largest U.S. Metros | Epicenter of Activity

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant General Retail Storefront Freestanding
  • Building Size    2,500
  • Year Built    2024
  • Construction Status    Under Construction
  • Price    3,523,810
  • Price Per SF    1,410
  • Cap Rate    5.25
  • NOI    185,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.05
  • Land Acres    1.27 AC

Nearby Amenities & Transportation

Retail Texas Roadhouse
Retail Johnny Carino's
Retail Wingstop
Retail Woodforest National Bank
Retail Chase Bank
Retail Panda Express
Retail IHOP
Retail H-E-B
Retail Starbucks
Retail Jack In The Box

Property Taxes

Parcel Number 934818 Improvements Assessment $998,134
Land Assessment $0 Total Assessment $998,134
Date Created: 2024-07-16 04:23:43 Last Updated: 2024-07-16 04:23:43
Address: 166 Slaughter , Austin, Texas, 78748