15881 Ronald W Reagan Blvd - Restaurant FOR SALE


Leander, TX 78641
$3,459,130 USD
737-204-9841
15881 Ronald W Reagan Blvd, Leander, TX for Sale
$3,459,130 USD
Restaurant - FOR SALE
1/3
null | 5.75% Cap Rate

15881 Ronald W Reagan Blvd
Leander, TX 78641


HIGHLIGHTS

  • 15881 Ronald W Reagan Boulevard is a 5,850-square-foot standalone restaurant built in 2025 and 100% leased to Bawarchi Indian Cuisine as of 4/1/2025.
  • Absolute NNN lease on a 15-year term with an annual rent of $198,900, 3% annual increases, and built-in renewal options.
  • Located in a thriving market as the population within a 5-mile radius grew by 20% from 2020-2024 and is projected to jump another 27% by 2029.
  • Affluent area with an average annual household income of $137,000 within a 5-mile radius contributing to $2.4 billion in consumer spending.
  • Leased at an above-market annual rate of $34 per square foot with increases built in, compared to the submarket average of ~$31.50.
  • The Ronald Reagan corridor is a key connector to other major areas like Cedar Park, Georgetown, and Round Rock.

OVERVIEW

15881 Ronald W Reagan Boulevard is a premier opportunity to enter or expand in booming Leander, Texas, with a newly built and newly leased asset along one of the city’s primary corridors. Built in 2025, the retail/restaurant property spans 5,850 square feet and is a freestanding corner outparcel with patios on three sides of the building. It is leased to a single-tenant, Bawarchi Indian Cuisine, a growing chain brand that brings traditional Indian flavors to a broader audience. The tenant's lease started on 4/1/2025 for a 15-year term at an above-market rent with annual increases and renewal options built in. As Building #5 of the Prime Office Warehouses Leander business park, 15881 Ronald W Reagan Boulevard benefits from the traffic coming to co-tenants like Three Wheeler Strength Gym, Lego, and 22 Yards Austin Cricket Facility. Leander traffic is up in general as its population base has undergone an unprecedented growth spurt with no signs of slowing down. Ronald W Reagan Boulevard is one of Leander’s main thoroughfares, providing visibility to thousands of the area’s affluent residents and optimizing the long-term outlook of success for Bawarchi Indian Cuisine and 15881 Ronald W Reagan Boulevard.

FOR SALE DETAILS

PRICE

$3,459,130 USD

PRICE/SF

$591 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bawarchi Indian Cuisine

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.38 AC

LAND SF

365,033 SF

ZONING

General Commercial

APN/PARCEL ID

R644186

ASK ABOUT THIS PROPERTY

Mallik GilakattulaThe Prime DeveloperMore Info
737-204-9841

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Mallik GilakattulaThe Prime DeveloperMore Info
737-204-9841

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