For Sale
$8,412,000

13341 West Ave Austin, TX 78737

Prime Austin retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 11,474 square foot shopping center, built in 2024, presents a compelling investment opportunity. Located at 13341 West U.S. 290 in Austin, Texas (zip code 78737), this single-story building sits on a 1.42-acre lot and boasts five tenants: Pacific Dental, Shiply Do-Nuts, GLO30, Betty Lash, and TLS Pilates. The property enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $525,741 and a 6.25% cap rate. The asking price is $8,412,000. This net lease investment features a diverse tenant mix, providing stability and resilience. Four of the five leases include annual rental escalations. The property benefits from excellent visibility and access along US-290 (39,366 AADT), near its intersection with Sawyer Ranch Road, within the rapidly growing Austin suburb of Dripping Springs. Its prominent location fronts the Sawyer Ranch Crossing office park, a new development encompassing office, medical, retail, and restaurant spaces. A new Frost Bank branch is directly adjacent. The area demonstrates robust demographics, with a population of 191,467 within a 10-mile radius and an average household income within a 1-mile radius of $208,327. Significant residential development is projected to increase the population within the trade area by 39% over the next five years. The average home value within a 5-mile radius is $725,368. This property offers a rare combination of new construction, strong tenant occupancy, and exceptional location within a thriving Austin suburb. The property includes a drive-thru component.

Highlights

  • Fully leased with a diverse tenant mix, offering strong rent resilience.
  • Four of five leases feature rare annual rental escalations.
  • Brand new, high-quality construction (2024) featuring a drive-thru.
  • High-traffic location with two access points on US-290 (39,366 AADT).
  • Adjacent to the Belterra master-planned community.
  • Surrounded by 9,000+ planned or under-development residential units.

Property Details for 13341 West Ave

Property type
Lifestyle centers, Power centers
Square Feet
11,474 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
61,855 SF
Units
5

Location Insight

City
Austin
County
Hays
State
Texas
Latitude
30.1984118
Longitude
-97.992583

FAQs

What type of property is this?
Lifestyle center - Prime Austin retail center, 100% occupied.
Where is the lifestyle center located?
The property is located at 13341 West Ave Austin, TX.
What is the asking price?
The asking price for this property is $8,412,000.
What are key features of this property?
This property features: Fully leased with a diverse tenant mix, offering strong rent resilience.; Four of five leases feature rare annual rental escalations.; Brand new, high-quality construction (2024) featuring a drive-thru.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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13341 West Ave
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