6,120 SF
·
Retail Building
·
1.53 AC
·
$3,900,000
·
($637 /SF)
6,120 sqft
1.53 AC
$3,900,000
($637 /SF)
1.53 AC
Lot Area
6,120 SF
Building Size
General Business (GB)
Zoning
Built in 2002
Year Built
$637
Price per sqft
101 space(s)
Parking
Investment Highlights
- Fully Built-Out 2nd Generation Restaurant
- Fully Equipped Kitchen + Existing FF&E
- Proven Income History (~$240K NOI Prior Tenancy)
- ~45,000 VPD Exposure on N FM 620 Corridor
- Exceptional Parking Ratio (16.5 per 1,000 SF)
- Value-Add Investment with Lease-Up Upside
Executive Summary
Rare opportunity to acquire a fully built-out 2nd generation restaurant along the highly trafficked RM 620 corridor in Northwest Austin, offering immediate usability for owner-users and a compelling lease-up opportunity for value-add investors.
The property consists of approximately 6,120 SF situated on 1.525 acres, featuring 101 parking spaces (16.5 per 1,000 SF)—an exceptional parking ratio for restaurant use—and direct frontage along FM 620 with exposure to ~45,000 vehicles per day, supplemented by additional traffic from nearby Anderson Mill Road.
Previously operated as a full-service restaurant, the asset includes a fully equipped commercial kitchen and existing FF&E, allowing for immediate operational capability. This significantly reduces upfront capital requirements and eliminates the typical 12–18 month development timeline, making it highly attractive for restaurant operators, franchise groups, and owner-users seeking to enter the market efficiently.
This provides a strong foundation for underwriting stabilized returns in line with comparable retail assets within the corridor.
Positioned within one of Austin’s most active and growing retail corridors, the asset benefits from strong surrounding demographics, established consumer traffic patterns, and long-term upside driven by continued infrastructure improvements along RM 620.
Unlike stabilized investments, this opportunity allows investors to create value through execution, offering the potential for enhanced yield upon stabilization.
At stabilization, the asset has the potential to perform in line with comparable NNN restaurant investments currently trading within the Austin market.
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