125 Main st - Auto Repair FOR SALE


Leander, TX 78641
$2,000,000 USD
510-289-1166
125 Main st, Leander, TX for Sale
$2,000,000 USD
Auto Repair - FOR SALE
1/3

125 Main st
Leander, TX 78641


HIGHLIGHTS

  • Brand New 15-Year Absolute NNN Ground Lease to Take 5 Oil Change with Corporate Guaranty
  • Scheduled 10% Rental Escalations in Primary Term & Options; No Landlord Maintenance Responsibilities
  • 2025 Construction with Three Drive Thru Lanes
  • Located Along Rapidly-Growing US-183 Corridor withing New Southbrook Station Development (Includes Cava, Einstein Bros., Smoothie King & More)
  • Adjacent to Northline Development - 116-Acre Master Planned, Mixed-Use Development
  • Strategic Location in Car-Dependent, High-Growth Suburb ~26 Miles from Austin - 3.76% Annual Population Growth Rate within 5 Miles

OVERVIEW

The subject property is strategically positioned with excellent visibility along North U.S. Highway 183 (28,050 AADT). It is part of the new Southbrook Station retail and restaurant development, featuring national and regional tenants including Cava, Firehouse Subs, Crust Pizza, Coldstone, Shipley Donuts, Einstein Bros. Bagels, Smoothie King, McAlister’s Deli, Paris Baguette, Smalls Sliders, Great Clips, Enamel Dentistry, Prime IV Hydration & Wellness, CareNow Urgent Care, and others. Directly across US-183 is Northline, a new 116-acre master-planned mixed-use district that will serve as Leander’s new downtown, with 2,000 apartments, 240 townhomes, 225,000 square feet of retail, 1.9 million square feet of office space, a hotel, and public gathering spaces. Adjacent to Northline is St. David’s HealthCare’s existing 52-acre medical complex, which is expanding with a $182 million full-service hospital. The MetroRail Leander Park & Ride station and Austin Community College’s San Gabriel Campus, serving 2,200 students, are also located just across US-183, driving significant traffic to the area. Leander (population 81,371) is located in northwest Austin along the rapidly growing US-183A corridor. Just 20 miles from downtown Austin, Leander has experienced substantial growth driven by its proximity to Austin, the city’s northward expansion, affordable housing, a top-tier school district, a strong business climate, and a city-led focus on strategic planning and quality of life. Leander has consistently ranked among the fastest-growing cities in the U.S., named “The Nation’s Fastest-Growing Large City” by the U.S. Census Bureau in 2019. Its population more than doubled from 2010 to 2020. Leander is easily connected to Austin via US-183, which has undergone major expansion in response to area growth, and by the MetroRail line, whose northern terminus is the Leander Station and Park & Ride along the highway. This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$2,000,000 USD

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

-

APN/PARCEL ID

R031699

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.