Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Target Shadow Anchored Pad Site, located at 11320 Ranch Road 2222, Austin, TX 78726. This 1.019 AC tract of land is zoned GR-CO with direct access and frontage (roughly 200 ft) on Ranch Road 2222. The property boasts 40 parking spots and monument signage is available. This property is situated on the coveted RR 2222 (27,152 VPD) and RR 620 (34,952 VPD) corridor and is proximate to some of Austin's higher net worth communities, such as River Place, Steiner Ranch, Jester Point, and more. The site is proximate to desirable retail drivers such as the HighPoint 2222 corporate mega campus, RiverPlace Elementary, Four Points Middle School, Concordia University, River Place Business Park, and more. Aura High Pointe Apartments is presently being constructed close by, and the national retailer presence in the area is strong (see retailer map enclosed herein). Nearby demographics are exceptional - a 13.8 percent population increase is expected in the next 5 years with an average household income of $184,151, both within 3 miles of the site. Given its location, the property offers developers an opportunity to deliver a project that would command rents in excess of $33.00 per square foot (based on current market), or owner/users the opportunity to secure a prominent site for their business. IMPORTANT: Seller financing may be available pursuant to acceptable rate and terms. Seller is also open to demolishing the buildings on site as they may not meet current impervious covers requirements from the City. Please see lead agent for further details. This property is situated on the coveted RR 2222 (27,152 VPD) and RR 620 (34,952 VPD) corridor, and is is proximate to some of Austin's higher net worth communities, such as River Place, Steiner Ranch, Jester Point, and many more. The site is proximate to many points of interest, such as the HighPoint 2222 corporate mega campus, RiverPlace Elementary and Four Points Middle School, Concordia University, River Place Business Park, and many more. Aura High Pointe Apartments is presently being constructed closeby, and the national retailer presence in the area is strong - inclusive of Target, Walgreens, Wells Fargo, Jiffy Lube, H-E-B, and more. Nearby growth and demographics are phenomenal - a 13.8 percent population increase is expected in the next 5 years with an average household income of $184,151, both within 3 miles of the site. Given the location of the site, this would a great opportunity for either an owner/user or national retailer to purchase the site and construct accordingly. IMPORTANT: Seller financing is avaliable and ownership is open to demolishing the buildings on site, as they are not in line with present impervious covers requirements from the City. There is a month-to-month lease which would be terminated prior to Closing. Please see lead agent for further details.