9605 Menchaca RdAustin, TX 78748

Property Details for 9605 Menchaca Rd

Year built

2022

Lot size

0.86 AC

Property size (Sq ft)

890 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a freestanding, 890 square foot Dutch Bros Coffee shop built in 2022. Located at 9605 Menchaca Rd, Austin, TX 78748, this Class A property sits on a 0.86-acre lot with 8 parking spaces. The property benefits from a hard corner location with excellent visibility on Menchaca Road, boasting over 32,000 vehicles per day. The absolute NNN lease, with a corporate guarantee, features a 15-year term commencing January 17, 2023, and expiring January 31, 2038, leaving over 13 years remaining. Rent is $127,644 annually, with a 10% increase every five years, providing a strong hedge against inflation. The property's strong performance is reflected in a 5.00% cap rate and a current NOI of $127,644. The surrounding area is densely populated and affluent, with over 114,600 residents within a 3-mile radius and an average household income exceeding $129,000. The location is in the heart of South Austin's Bar & Entertainment District, near major developments and numerous national retailers, including a nearby H-E-B anchored shopping center. The tenant, Dutch Bros Coffee, is a rapidly expanding national chain, currently the third largest coffee chain in the US, with significant growth projections. This investment offers a compelling combination of strong tenant performance, a prime location, and a long-term, passive income stream. The property is located in Travis County, Texas, an income tax-free state. Four, five-year lease options are included.

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.1759

Longitude

-97.8219

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