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Torchy's Tacos 1500 N Interstate 35 6,119 SF Retail Building Round Rock, TX 78681 $6,026,318 CAD ($984.85 CAD/SF) 5.25% Cap Rate



INVESTMENT HIGHLIGHTS
- Corporate Net Lease to Torchy’s Tacos with Scheduled 10% Rental Escalation at Each Option
- Rapidly Expanding “Craft Casual” Brand – 130+ Locations in 16 States
- 10,500+ College Students within 5 Miles
- Top 9% Location for Torchy’s Nationwide by Annual Visits (per Placer.ai)
- Excellent Visibility and Frontage along I-35 with Prominent Pylon Signage
- 18 Miles from Downtown Austin
EXECUTIVE SUMMARY
The subject property is ideally located with frontage along Interstate-35 (148,992 AADT) and excellent visibility with prominent pylon signage. The site benefits from robust and dense demographics within a 5-mile radius, with a daytime population of 223,782 and average household income of $143,402.
This Torchy’s Tacos location is ranked among the top 9% locations in the chain nationally by annual visits (per Placer.ai). The site is adjacent to Shake Shack and Round Rock Shopping Center, which includes Gatti’s Pizza, O’Reilly Auto Parts, and Dollar Tree. Dell Technologies, Round Rock’s largest employer with approximately 12,000 employees, is located 3.5 miles from the site. The property is also in close proximity to the Round Rock campuses of Texas State University (2,200 students), Austin Community College (5,000 students), and Texas A&M Health Science Center (3,200 students). Additionally, St. David’s Medical Center (435 beds) is located 2.5 miles from the site.
Round Rock (population 130,406) is a city in Williamson County, Texas and suburb of Austin, located approximately 18 miles north of Downtown Austin. Round Rock is a principal city in the Austin-Round Rock Metropolitan Statistical Area, which has a population of more than 2.47 million and the 22nd largest GDP per capita in the U.S. with an MSA GDP of $248 billion. The city is situated along Interstate 35, linking it with Austin to the south and Waco to the north.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
This Torchy’s Tacos location is ranked among the top 9% locations in the chain nationally by annual visits (per Placer.ai). The site is adjacent to Shake Shack and Round Rock Shopping Center, which includes Gatti’s Pizza, O’Reilly Auto Parts, and Dollar Tree. Dell Technologies, Round Rock’s largest employer with approximately 12,000 employees, is located 3.5 miles from the site. The property is also in close proximity to the Round Rock campuses of Texas State University (2,200 students), Austin Community College (5,000 students), and Texas A&M Health Science Center (3,200 students). Additionally, St. David’s Medical Center (435 beds) is located 2.5 miles from the site.
Round Rock (population 130,406) is a city in Williamson County, Texas and suburb of Austin, located approximately 18 miles north of Downtown Austin. Round Rock is a principal city in the Austin-Round Rock Metropolitan Statistical Area, which has a population of more than 2.47 million and the 22nd largest GDP per capita in the U.S. with an MSA GDP of $248 billion. The city is situated along Interstate 35, linking it with Austin to the south and Waco to the north.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,119 SF
Building Class
B
Year Built/Renovated
2012/2018
Price
$6,026,318 CAD
Price Per SF
$984.85 CAD
Cap Rate
5.25%
NOI
$316,392 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.53 AC
Zoning
PUD
Parking
83 Spaces (13.56 Spaces per 1,000 SF Leased)
Frontage
174’ on N Interstate 35
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R417930 | Improvements Assessment | $1,803,643 CAD |
| Land Assessment | $3,151,799 CAD | Total Assessment | $4,955,442 CAD |
PROPERTY TAXES
Parcel Number
R417930
Land Assessment
$3,151,799 CAD
Improvements Assessment
$1,803,643 CAD
Total Assessment
$4,955,442 CAD
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Torchy's Tacos | 1500 N Interstate 35
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