Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Owner/User Opportunity located at 8401 Research Blvd, Austin TX, 78758. This 5,685 SF multi-tenant asset was built in 2001 and is situated on 0.47 AC of land off the corner of Research Blvd & Clearfield Dr. The seller currently occupies 4,085 SF, which is being marketed as vacant upon sale. The remaining tenants, D&M Auto Insurance and Beauty Salon, are on gross, month-to-month leases and have been tenants since 2015 and 2007, respectively. The asset is exceptionally well located - Toyota is across Research Blvd and national retailers within a mile include Target, PetSmart, Advance Auto Parts, Hobby Lobby, Planet Fitness, and many more. A new investor or owner/user would also benefit from frontage on Research Blvd (16,363 VPD), easy access to US-183 (144,245 VPD) and the property being equidistant from Mopac Expy (2.5 miles away) and I-35 (2.5 miles away), the two major highways of Austin, TX. Nearby growth and economy are strong - an 11.6 percent population increase was recorded from 2010-2022 with an average household income of $89,389, both within 3 miles of the site. This would be an excellent owner/user opportunity for a business looking to benefit from a central location with easy access to US-183 looking to take advantage of several opportunities. The in-place additional income to off-set real estate operating costs is quite rare within the Austin marketplace. Comparable, similarly located assets are trading at an average of $382/SF, while this asset is priced at just $360/SF. Additionally, the current tenants pose a strong value add opportunity - a new owner could raise rents incrementally whilst converting them to NNN, further increasing their return on the property while overall property values increase in the submarket over the coming years.