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Miscellaneous

Art Institute of Austin

921 Main St, Bastrop, TX 78602

Listing Price: Request For Offer

Tenant Name
Art Institute of Austin
Years Remaining On Lease
9.1
Gross SF
9,000
Guarantor
No Guarantee
Rentable SF
9,000
Lease Type
Double Net
Rent Per Square Feet
$19.00

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 921 Main St, Bastrop, TX 78602. This 9,111 SF downtown property is situated on 0.14 AC and is in the heart of downtown Bastrop. The Art Institute just commenced a 10 year, double net (NN) lease in the beginning of 2021 demonstrating their long-term commitment to the site. The Art Institute has 8 locations nationwide, accompanied by hundreds of online courses for students to receive their associate, bachelor's and/or master's degree in the arts. Their tenancy is complimentary to the art-focused nature of downtown Bastrop - many tenants along both Main St. (1,573 VPD) and Chestnut St. (12,903 VPD), including the studio for Bastrop's Fine Arts, Lost Pines Art Bazaar and Relics to name a few. The property was renovated in 2020 by the Economic Development Corporation and is an excellent opportunity to own a piece of revitalized history in a growing market with a strong tenant.

Investment Highlights

  • The Art Institute, A National Presence in the Arts with 8 Locations, Signed a 10 Year NN Lease Demonstrating their Long-Term Commitment to the Site
  • Property is in the Heart of Downtown Bastrop and is Complimentary to the Art-Focused Nature of the Area with Nearby Tenants Including Bastrop's Fine Arts, Lost Pines Art Bazaar, etc.
  • The Bastrop Economic Development Corporation Invested in a High Quality, Group Up Redevelopment of the Entire Structure that Occurred in 2020

Exclusively Listed By

Miscellaneous

Art Institute of Austin

Listing Price: Request For Offer

Tenant Name
Art Institute of Austin
Years Remaining On Lease
9.1
Gross SF
9,000
Guarantor
No Guarantee
Rentable SF
9,000
Lease Type
Double Net
Rent Per Square Feet
$19.00

Investment Highlights

  • The Art Institute, A National Presence in the Arts with 8 Locations, Signed a 10 Year NN Lease Demonstrating their Long-Term Commitment to the Site
  • Property is in the Heart of Downtown Bastrop and is Complimentary to the Art-Focused Nature of the Area with Nearby Tenants Including Bastrop's Fine Arts, Lost Pines Art Bazaar, etc.
  • The Bastrop Economic Development Corporation Invested in a High Quality, Group Up Redevelopment of the Entire Structure that Occurred in 2020

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 921 Main St, Bastrop, TX 78602. This 9,111 SF downtown property is situated on 0.14 AC and is in the heart of downtown Bastrop. The Art Institute just commenced a 10 year, double net (NN) lease in the beginning of 2021 demonstrating their long-term commitment to the site. The Art Institute has 8 locations nationwide, accompanied by hundreds of online courses for students to receive their associate, bachelor's and/or master's degree in the arts. Their tenancy is complimentary to the art-focused nature of downtown Bastrop - many tenants along both Main St. (1,573 VPD) and Chestnut St. (12,903 VPD), including the studio for Bastrop's Fine Arts, Lost Pines Art Bazaar and Relics to name a few. The property was renovated in 2020 by the Economic Development Corporation and is an excellent opportunity to own a piece of revitalized history in a growing market with a strong tenant.

Exclusively Listed By

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