OFFERING SUMMARY
Price: Unlisted
Lease Type: Absolute Net
Guarantor: Franchisee
Gross Leasable Area: 2,318 SF
Year Built: 1975
OFFERING HIGHLIGHTS
- Exceptionally Well-Located Taco Shack in Austin, Texas
- Generational Real Estate with an absolute net lease in place
- Located directly on North Lamar Boulevard, One of the Highest-Trafficked Roads in Austin
- Directly across from Central Market, the location is ideal for a high traffic QSR property
- Austin is One of the Fastest-Growing Cities in the United States and is Routinely Named the Top Place to Live in the Country
INVESTMENT OVERVIEW
The subject property is an exceptionally well-located 5/6th interest in a QSR location currently leased out to Taco Shack in the heart of Austin, Texas. The property has two-plus years remaining on the lease with CPI rent bumps coming up in the options that will significantly increase an investor’s return shortly after closing on the asset if the tenant opts to renew. Located on North Lamar Boulevard, this property sits smack in the middle of the city and presents investors with a unique opportunity to obtain a generational asset in a city where inventory is extremely tight. Sitting right across from Central Market at a signalized intersection, the property has access from both North Lamar and West 40th Street. The building sits on half an acre and features a built-in drive-thru and exceptional visibility.
