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Shopping Neighborhood

South Brook Town Center

6425 S I-35 Frontage Rd, Austin, TX 78744

Listing Price: Request For Offer

Gross SF
54,651
Rentable SF
54,651
Lot Size
4.78 acres
Year Built
1994

Investment Overview

Marcus & Millichap is pleased to present South Brook Town Center, a 54,651 square foot neighborhood center located in the southeast submarket in Austin, Texas. South Brook Town Center is strategically positioned on the northeast corner of Interstate 35 S and E. William Cannon Drive (176,184 VPD & 34,121 VPD, respectively), offering strong visibility and access. The property is currently 100% occupied with 9 of 10 tenants servicing NNN leases. The center is anchored by Planet Fitness, a strong performing grocery (over $5.2M gross sales in 2021, Hacienda Market) and the Department of Public Safety. South Brook Town Center is part of a major retail trade area that has a total average household retail expenditure of $123,576 within a 5-mile radius. Being situated in a dense residential and commercial area within the southeast submarket, the asset currently has advantages with a low submarket vacancy and a strong daytime population. The property is situated on a 4.78 acre lot that offers ample parking and easy ingress and egress. Taco Bell, McDonald's & 7-Eleven outparcel retailers complement the center along the I-35 Frontage, with Wayside Schools occupying and anchoring the entire adjacent property. Other nearby retailers include H-E-B, Burlington, Metro by T-Mobile, Academy Sports, Rent-A-Center, Big Lots, Melrose Family Fashions, Whataburger, KFC, Mr. Gatti's Pizza, Taco Bueno, Wendy's, Taco Cabana, Firestone, Advance Auto Parts, and Discount Tire. South Town Brook Center is currently 4 years into a 10-year CMBS loan with the principal pay down commencing in November of this year (2022). A loan assumption would be the likely component in acquisition.

Investment Highlights

  • 100% Occupied with 9 of 10 Tenants Servicing NNN Leases
  • Dense Commercial & Residential Area with High Retail Expenditure
  • High Visibility (I-35 Frontage) with Easy Access and Ample Parking
  • Located in Strong Retail Trade Area
  • Complimentary Outparcel Retailers (McDonald's, Taco Bell, 7-Eleven)
  • Low Submarket Vacancy (Southeast Austin)

Exclusively Listed By

Shopping Neighborhood

South Brook Town Center

Listing Price: Request For Offer

Gross SF
54,651
Rentable SF
54,651
Lot Size
4.78 acres
Year Built
1994

Investment Highlights

  • 100% Occupied with 9 of 10 Tenants Servicing NNN Leases
  • Dense Commercial & Residential Area with High Retail Expenditure
  • High Visibility (I-35 Frontage) with Easy Access and Ample Parking
  • Located in Strong Retail Trade Area
  • Complimentary Outparcel Retailers (McDonald's, Taco Bell, 7-Eleven)
  • Low Submarket Vacancy (Southeast Austin)

Investment Overview

Marcus & Millichap is pleased to present South Brook Town Center, a 54,651 square foot neighborhood center located in the southeast submarket in Austin, Texas. South Brook Town Center is strategically positioned on the northeast corner of Interstate 35 S and E. William Cannon Drive (176,184 VPD & 34,121 VPD, respectively), offering strong visibility and access. The property is currently 100% occupied with 9 of 10 tenants servicing NNN leases. The center is anchored by Planet Fitness, a strong performing grocery (over $5.2M gross sales in 2021, Hacienda Market) and the Department of Public Safety. South Brook Town Center is part of a major retail trade area that has a total average household retail expenditure of $123,576 within a 5-mile radius. Being situated in a dense residential and commercial area within the southeast submarket, the asset currently has advantages with a low submarket vacancy and a strong daytime population. The property is situated on a 4.78 acre lot that offers ample parking and easy ingress and egress. Taco Bell, McDonald's & 7-Eleven outparcel retailers complement the center along the I-35 Frontage, with Wayside Schools occupying and anchoring the entire adjacent property. Other nearby retailers include H-E-B, Burlington, Metro by T-Mobile, Academy Sports, Rent-A-Center, Big Lots, Melrose Family Fashions, Whataburger, KFC, Mr. Gatti's Pizza, Taco Bueno, Wendy's, Taco Cabana, Firestone, Advance Auto Parts, and Discount Tire. South Town Brook Center is currently 4 years into a 10-year CMBS loan with the principal pay down commencing in November of this year (2022). A loan assumption would be the likely component in acquisition.

Exclusively Listed By

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