Descrição

Jones Lang LaSalle ("JLL") is pleased to present the exclusive opportunity to acquire Willa (the "Property"), a 24,353-square-foot infill retail asset along South 1st Street in Austin's coveted south submarket.

Willa is 100% occupied and generates approximately $1.29 million of in-place NOI, offering investors immediate cash flow alongside compelling future mark-to-market upside. In-place rents average approximately $41/SF compared to current market rents of $50–$58/SF, roughly 40% below market, demonstrating a NOI growth engine as leases roll over the hold period.

South 1st Street has emerged as one of Austin's most in-demand retail corridors, absorbing significant demand spillover from South Congress Avenue where rents have surpassed $200/SF. With no meaningful new supply in the submarket, rental rate momentum continues to build. Willa's diversified tenant base, spanning health, food and beverage, and personal services, reflects the market's preference for experiential retail with deep neighborhood roots.

Immediate cash flow, embedded rent upside, and structural supply constraints collectively bolster Willa’s attractive risk-adjusted return profile. Further distinguishing the Property is its exceptional parking field, featuring 208 spaces available for both retail patrons and public use—equating to an approximately 8.5 spaces per 1,000 SF parking ratio, a rarity along the South 1st corridor and a meaningful competitive advantage for tenants and customers alike.

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