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4526 Westgate Blvd 6,056 SF 100% Leased Retail Building Austin, TX 78745 $4,290,710 CAD ($708.51 CAD/SF) 6.28% Cap Rate
Investment Highlights
- Very strong demographics: Population over 108k with Avg. HH Income $154k+ within 3 miles. 214k+ population with Avg. HH Income $161k+ within 5 miles.
- Excellent road front visibility and easy access to the Highway 290/71 interchange, as well as the Mopac Expy, Hwy 360, and S. Lamar Boulevard.
- All Tenants have annual base rent increases and are on NNN lease terms, providing a passive investment with minimal ownership responsibilities.
- Located across the street from a Central Market-anchored shopping center, one of two Central Markets (HEB's upscale store) in all of Austin.
Executive Summary
Resolut RE proudly presents the hands-off investment opportunity to acquire Westgate Center, located at 4526 West Gate Boulevard in Austin, Texas. The multi-tenant retail center is 100% occupied by internet-resistant tenants on NNN lease terms, providing new ownership with an income-generating and stabilized acquisition. The on-site tenant-mix includes Relax Day Spa, a local service-provider, Juiceland, a corporate store cafe location, and Austin Vape & Smoke, a retailer who has been on-site since 2013 and in their second 5-year lease renewal.
Westgate Center is a premier investment for an out-of-town investor looking to add cash-flow to their portfolio. Inquire today for more information
Westgate Center is a premier investment for an out-of-town investor looking to add cash-flow to their portfolio. Inquire today for more information
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,056 SF
Building Class
C
Year Built/Renovated
1990/2024
Price
$4,290,710 CAD
Price Per SF
$708.51 CAD
Cap Rate
6.28%
NOI
$269,457 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.52 AC
Zoning
CS - Commercial | Service
Parking
25 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
211’ on West Gate Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 509343 | Improvements Assessment | $1,251,511 CAD |
| Land Assessment | $626,265 CAD | Total Assessment | $1,877,776 CAD |
Property Taxes
Parcel Number
509343
Land Assessment
$626,265 CAD
Improvements Assessment
$1,251,511 CAD
Total Assessment
$1,877,776 CAD
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4526 Westgate Blvd
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