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Shopping Strip

Nuckols Crossing Retail

5317 Nuckols Crossing Rd, Austin, TX 78744

Listing Price: $1,620,000

Cap Rate
5.40%
Gross SF
3,000
Rentable SF
3,000
Price/Gross SF
$540.00
Lot Size
0.98 acres
Year Built
2017

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Nuckols Crossing Retail located at 5317 Nuckols Crossing, Austin TX 78744. This 3,000 SF neighborhood center is situated on 0.98 AC off the hard corner of W Stassney Ln and Nuckols Crossing Rd. This 2-tenant center is 100% occupied by Domino's Pizza and Smoke Toke's, both on NNN leases for roughly the next 5 years, with landlord responsible for roof and structure. The Domino's Pizza lease is personally guaranteed by a local multi-unit operator. Smoke Toke's lease includes 3% annual increases, is personally guaranteed and Smoke Toke's has roughly 11 locations in Austin and San Antonio. The location is excellent - the property is situated roughly 2 miles from Interstate 35, 6.3 miles from Austin Bergstrom International Airport. Most importantly, Widen Elementary School, and Mendez Middle School are located 0.5 miles away and the property is located in the heart of the Franklin Park neighborhood, serving as the tenants' main customer base. The closest pizza competition is 1.6 miles away and the closest vape competition is 3.0 miles away, creating security for the tenants. The nearby area is growing significantly - a 20.6% increase in the population was recorded from 2010-2021 within 3 miles of the site. This property is surrounded by some of the main retail for the immediate neighborhood - Chruch's Chicken, Family Dollar, Sonic, O'Reillys, and Chevron. This would be an opportunity to invest in a core Austin asset in the most rapidly growing submarket in town. A new investor would additionally hedge against inflation with appreciating income and property values for the next several years.

Investment Highlights

  • 2 Tenant, NNN Leased Neighborhood Center - Limited Landlord Responsiblities
  • Both Leases Personally Guaranteed by Multi-Unit Operators
  • Built In Customer Base - Located in the Franklin Park neighborhood and up the road from both Widen Elementary School and Mendez Middle School
  • Immense Nearby Growth - a 20.6% increase in the population was recorded from 2010-2021 within 3 miles of the site
  • Main Retail Corridor of Franklin Park - Retailers on the corner include Church's Chicken, Family Dollar, and Chevron
  • Core Asset Opportunity - opportunity to invest in a core Austin asset in the most rapidly growing submarket in town. A new investor would additionally hedge against inflation with appreciating income and property values for the next several years

Exclusively Listed By

Financing By

Shopping Strip

Nuckols Crossing Retail

Listing Price: $1,620,000

Cap Rate
5.40%
Gross SF
3,000
Rentable SF
3,000
Price/Gross SF
$540.00
Lot Size
0.98 acres
Year Built
2017

Investment Highlights

  • 2 Tenant, NNN Leased Neighborhood Center - Limited Landlord Responsiblities
  • Both Leases Personally Guaranteed by Multi-Unit Operators
  • Built In Customer Base - Located in the Franklin Park neighborhood and up the road from both Widen Elementary School and Mendez Middle School
  • Immense Nearby Growth - a 20.6% increase in the population was recorded from 2010-2021 within 3 miles of the site
  • Main Retail Corridor of Franklin Park - Retailers on the corner include Church's Chicken, Family Dollar, and Chevron
  • Core Asset Opportunity - opportunity to invest in a core Austin asset in the most rapidly growing submarket in town. A new investor would additionally hedge against inflation with appreciating income and property values for the next several years

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Nuckols Crossing Retail located at 5317 Nuckols Crossing, Austin TX 78744. This 3,000 SF neighborhood center is situated on 0.98 AC off the hard corner of W Stassney Ln and Nuckols Crossing Rd. This 2-tenant center is 100% occupied by Domino's Pizza and Smoke Toke's, both on NNN leases for roughly the next 5 years, with landlord responsible for roof and structure. The Domino's Pizza lease is personally guaranteed by a local multi-unit operator. Smoke Toke's lease includes 3% annual increases, is personally guaranteed and Smoke Toke's has roughly 11 locations in Austin and San Antonio. The location is excellent - the property is situated roughly 2 miles from Interstate 35, 6.3 miles from Austin Bergstrom International Airport. Most importantly, Widen Elementary School, and Mendez Middle School are located 0.5 miles away and the property is located in the heart of the Franklin Park neighborhood, serving as the tenants' main customer base. The closest pizza competition is 1.6 miles away and the closest vape competition is 3.0 miles away, creating security for the tenants. The nearby area is growing significantly - a 20.6% increase in the population was recorded from 2010-2021 within 3 miles of the site. This property is surrounded by some of the main retail for the immediate neighborhood - Chruch's Chicken, Family Dollar, Sonic, O'Reillys, and Chevron. This would be an opportunity to invest in a core Austin asset in the most rapidly growing submarket in town. A new investor would additionally hedge against inflation with appreciating income and property values for the next several years.

Exclusively Listed By

Financing By

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