McAlister's Deli & CareNow-Anchored Shops 144 S Brook Dr 12,919 SF Retail Building Leander, TX 78641 $14,432,417 CAD ($1,117.15 CAD/SF) 5.75% Cap Rate

New construction shops building with a drive-thru anchored by McAlister's Deli and CareNow, with Freebirds, Cold Stone, Shipley Do-Nuts, and Atomic Wings, situated within the new Southbrook Station development. The subject property is strategically positioned with excellent visibility along North U.S. Highway 183 (25,032 ADT). It is part of the new Southbrook Station retail and restaurant development, featuring national and regional tenants including Crust Pizza, CAVA, Shipley Do-Nuts, Firehouse Subs, Smoothie King, Take 5 Oil Change, Great Clips, Prime IV Hydration & Wellness, and others.
Nearby retailers include H-E-B Plus (2.6 million annual visits per Placer.ai), Dairy Queen, Whataburger, Panda Express, Chipotle, Holiday Inn Express & Suites, and The Learning Experience. The site is easily accessible to surrounding neighborhoods and developments, including Northside Meadow (246 homes), Escalon townhomes (125 units), Southbrook apartments (360 units), and Metro Drive Office Park.
Significant development is underway in the immediate area. Directly across US-183 is Northline, a new 116-acre master-planned mixed-use district that will serve as Leander’s new downtown, with 2,000 apartments, 240 townhomes, 225,000 square feet of retail, 1.9 million square feet of office space, a hotel, and public gathering spaces. Adjacent to Northline is St. David’s HealthCare’s existing 52-acre medical complex, which is expanding with a $182 million full-service hospital.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.