6208 Mcneil DrAustin, TX 78729

Property Details for 6208 Mcneil Dr

Year built

2005

Lot size

5.04 AC

Property size (Sq ft)

13,218 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

272000319

APU

272000319

Description

This exceptional investment opportunity presents a 4,200 square foot Wells Fargo Bank branch located on a 0.895-acre lot at 6208 McNeil Dr, Austin, TX 78729. The property boasts a prominent location at the intersection of high-traffic W Parmer Lane and McNeil Drive, offering excellent visibility and access within a thriving retail corridor. The NNN ground lease features a credit-rated tenant with a remaining term of six years, expiring November 30, 2030, and includes 10% rent bumps at each option period. The current asking price is $3,075,000, representing a 5.00% cap rate and a price per square foot of $732.14. The property generates a net operating income (NOI) of $153,731. The site benefits from exceptional demographics, with a total daytime population of 301,274 and an average household income of $139,068 within a five-mile radius. Surrounding the property are numerous amenities including Starbucks, Chipotle, Whataburger, Chase Bank, and an H-E-B anchored shopping center. The location is also proximate to major employers such as Apple's new campus, Research Park, and Saint David's North Austin Medical Center, further enhancing its value and long-term prospects. The tenant's early renewal demonstrates a strong commitment to this location. This is a rare opportunity to acquire a high-quality, net-leased property in one of the fastest-growing metropolitan areas in the United States.

• CAP approach

  CAP return

  Valuation

  6%

  $6,178,500

  6.5%

  $5,703,231

  7%

  $5,295,858

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,972,489

  Geo Method

  $9,972,489

• Alternative Use

  Use

  Valuation

  Residential

  $4,810,888

  Hospitality

  $4,406,748

  Educational

  $3,666,363

  Medical

  $3,792,454

  Retail

  $5,703,231

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.4447

Longitude

-97.7444

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].