1500 N Interstate 35 - Restaurant FOR SALE


Round Rock, TX 78681
$4,161,000 USD
510-289-1166
1500 N Interstate 35, Round Rock, TX for Sale
$4,161,000 USD
Restaurant - FOR SALE
1/5
null | 5.5% Cap Rate

1500 N Interstate 35
Round Rock, TX 78681


HIGHLIGHTS

  • Corporate Net Lease to Torchy’s Tacos with Scheduled 10% Rental Escalation at Each Option
  • Top 9% Location for Torchy’s Nationwide by Annual Visits (per Placer.ai)
  • Rapidly Expanding “Craft Casual” Brand – 130+ Locations in 16 States
  • Excellent Visibility and Frontage along I-35 with Prominent Pylon Signage
  • 10,500+ College Students within 5 Miles
  • 18 Miles from Downtown Austin

OVERVIEW

The subject property is ideally located with frontage along Interstate-35 (148,992 AADT) and excellent visibility with prominent pylon signage. The site benefits from robust and dense demographics within a 5-mile radius, with a daytime population of 223,782 and average household income of $143,402. This Torchy’s Tacos location is ranked among the top 9% locations in the chain nationally by annual visits (per Placer.ai). The site is adjacent to Shake Shack and Round Rock Shopping Center, which includes Gatti’s Pizza, O’Reilly Auto Parts, and Dollar Tree. Dell Technologies, Round Rock’s largest employer with approximately 12,000 employees, is located 3.5 miles from the site. The property is also in close proximity to the Round Rock campuses of Texas State University (2,200 students), Austin Community College (5,000 students), and Texas A&M Health Science Center (3,200 students). Additionally, St. David’s Medical Center (435 beds) is located 2.5 miles from the site. Round Rock (population 130,406) is a city in Williamson County, Texas and suburb of Austin, located approximately 18 miles north of Downtown Austin. Round Rock is a principal city in the Austin-Round Rock Metropolitan Statistical Area, which has a population of more than 2.47 million and the 22nd largest GDP per capita in the U.S. with an MSA GDP of $248 billion. The city is situated along Interstate 35, linking it with Austin to the south and Waco to the north. This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$4,161,000 USD

PRICE/SF

$719 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Torchy's Tacos

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

PUD

APN/PARCEL ID

R417930

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.