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Taco Cabana | Abs NNN Corporate Signed Lease 9705 Manchaca Rd 3,216 SF Retail Building Austin, TX 78748 $4,144,513 CAD ($1,288.72 CAD/SF) 6% Cap Rate
Investment Highlights
- Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
- Tanglewood Village Shopping Center | Southpark Meadows |Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In The Immediate Trade Area
Executive Summary
• Taco Cabana corporate signed lease
• 5 years remaining with 2 (5-year) option periods to extend
• The lease features 11.4% rental increases at the beginning of each option period
• 5 years remaining with 2 (5-year) option periods to extend
• The lease features 11.4% rental increases at the beginning of each option period
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,216 SF
Building Class
B
Year Built
1997
Price
$4,144,513 CAD
Price Per SF
$1,288.72 CAD
Cap Rate
6%
NOI
$248,671 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Zoning
GR-Co, Austin
Parking
54 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
163’ on Manchaca Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 430699 | Improvements Assessment | $1,775,396 CAD |
| Land Assessment | $897,589 CAD | Total Assessment | $2,672,984 CAD |
Property Taxes
Parcel Number
430699
Land Assessment
$897,589 CAD
Improvements Assessment
$1,775,396 CAD
Total Assessment
$2,672,984 CAD
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Taco Cabana | Abs NNN Corporate Signed Lease | 9705 Manchaca Rd
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