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Las Entradas North Las Entradas North 12,122 SF Retail Building Manor, TX 78653 $15,103,947 CAD ($1,245.99 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Fully Leased Shops Building Anchored by Chuy's - All Tenants on Long Term Leases with Scheduled Rent Increases
- Within the New Las Entradas North Retail Development in High-Growth Manor, TX - 5.14% Annual Population Growth Rate within 3 Miles
- Brand New Construction with a Diverse, Internet-Resistant Mix of Food & Service Users
- Prominent Location with Excellent Exposure on Hwy 290 (58,675 ADT) ~13 Miles from Downtown Austin
Executive Summary
Las Entradas North is a brand-new, fully leased retail shops building located in a desirable, fast-growing Austin suburb.? The property is anchored by Chuy’s, on a 15-year lease, and features a diverse, internet-resistant tenant mix including Einstein Bros.? Bagels, DECA Dental, and Persona Pilates, with long-term leases and scheduled rent increases.? The property is positioned within a new 10-acre retail development along Highway 290, approximately 13 miles from Downtown Austin.? It benefits from rapid commercial and residential growth, with an exceptionally high annual population growth rate of over 5% within a 3-mile radius.?
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.?
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
12,122 SF
Building Class
B
Year Built
2026
Price
$15,103,947 CAD
Price Per SF
$1,245.99 CAD
Cap Rate
5.75%
NOI
$868,457 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
2.22 AC
Parking
154 Spaces (12.7 Spaces per 1,000 SF Leased)
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
1 of 4
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