The Shops at Arbor Walk_Property for Sale
The Shops at Arbor Walk_Property for Sale
10515 N Mopac Expy, Austin, TX, 78759-5324, US

The Shops at Arbor Walk

Asset Description

As an exclusive representative of the Seller, JLL is pleased to present this opportunity to purchase the leasehold interest in The Shops at Arbor Walk (the “Property”), a 309,010 SF open-air center located in the thriving Austin MSA. Constructed in 2006, the Property features a premier lineup of essential and e-commerce resistant tenants.


Situated less than one mile from the intersection of the North MoPac Expressway and Route 183, the Property offers unparalleled accessibility and serves an expansive trade area. Within a 10-mile radius, there is a total population of 948,000 people and average household income of $110,000.


The Property has maintained terrific occupancy and tenant retention since its original construction in 2006. Five out of the six anchor tenants are original to the Property and have exercised renewal options since their original commencement, exemplifying the strength of the tenancy, property, and location. Most recently, Marshall’s exercised their renewal option in April 2020, extending their lease term through October 2026. As of December 2022, the Property is 98.7% leased. Seven (7) new leases totaling 23,423 square feet have commenced over the past 24 months, and current ownership is having active discussions for the last remaining vacancy.

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Attributes

Building area Net
309,010 sf
Occupancy
99.00%
Year built
2006

Media

Investment Highlights

  • Dominant Regional Center Located at MoPac & Route 183 Adjacent to The Domain
  • Growing Population with Strong Demographic Profile
  • High Performing Anchor Tenants
  • Positive Leasing Momentum and Tenant Retention
  • Stable & Diversified Income Stream with a 5.1-Year WALT
The Shops at Arbor Walk 4_Property for Sale

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Last updated
29 Jan 2023