Trails at 620_Propriété à vendre
Trails at 620_Propriété à vendre
North FM 620 8300, Austin, TX, 78726, US

Trails at 620

Description de l'actif

JLL is pleased to offer the exclusive opportunity to purchase Trails at 620 (the “Property”), a 77% leased, Class A retail center representing a rare value-add retail opportunity in Austin, Texas. Located in the rapidly growing and supply constrained FM 620 corridor in Northwest Austin, the 69,037-square-foot Property is bordered by exclusive master planned communities, affluent demographics, and nationally recognized school districts. Situated in the foothills of the Texas Hill Country and adjacent to Lake Travis, the surrounding greenbelts and nature preserves create an idyllic location and restrict future development in an already supply constrained corridor. The Property enjoys a curated mix of internet proof national and regional tenants that is majority restaurant, medical and service-oriented retail. With 5.5 years of remaining average lease term, 16% below market rents, and 16,089 square feet of existing vacancy, Trails at 620 provides investors a superior value-add investment opportunity at a property with strong existing and future demand drivers in the highest occupancy retail market in the Sunbelt.  

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Attributs

Superficie du bâtiment nette
6 414 mètres carrés
Occupation
77 %
Nombre de bâtiments
7
Année de construction
2014
Durée restante du bail
5.5 années

Média

Points forts de l'investissement

Supply Constrained Market

Highly Affluent Submarket

Mark-to-Market Opportunity - 16% Below Market

Secure Cash Flow - 5.5 Year WALT

Internet Proof Tenant Mix – 67% Credit

Austin: #1 Economy

Trails at 620 4_Propriété à vendre
Trails at 620 4_Propriété à vendre

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Trails at 620 (0 Propriétés)
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Dernière mise à jour
16 mai 2024