Sawyer Ranch Retail - Storefront Retail/Office FOR SALE


Austin, TX 78737
$8,412,000 USD
510-289-1166
Sawyer Ranch Retail, Austin, TX for Sale
$8,412,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 6.25% Cap Rate

Sawyer Ranch Retail
Austin, TX 78737


HIGHLIGHTS

  • 100% Leased with Diverse, Internet-Resistant Tenant Mix
  • Rare Annual Rental Escalations in 4 of 5 Leases
  • Brand New High-Quality 2024 Construction with Drive-Thru Component
  • Frontage on US-290 (39,366 AADT) with Two Access Points
  • Neighbors Belterra Master-Planned Development
  • 9,000 Additional Residential Units Planned or Under Development in Surrounding Area

OVERVIEW

The subject property is ideally positioned with excellent visibility and access along US-290 (39,366 AADT) near its intersection with Sawyer Ranch Road. It is approximately 17 miles west of downtown Austin, in the rapidly growing Austin suburb of Dripping Springs. The property is prominently situated fronting the Sawyer Ranch Crossing office park, a new development comprised of office, medical office, retail, and restaurant space on 22 acres. Directly adjacent to the subject property is a brand new branch for Frost Bank, a Texas-based financial institution and one of the 60 largest banks in the U.S. It is a $7 million project involving the ground-up construction of the building with expected completion in Q2 2025. Additional tenants within Sawyer Ranch Crossing include FUSE Workspace, a coworking business space with meeting rooms, event space, and 88 private offices, Thrivent, Brown Insurance, Gatlin Creek Dentistry, Cunningham Orthodontics, Jumpseat Research, Action Behavior Centers, and more, with future phases planned. The property is ideally situated adjacent to the Belterra Village mixed-use development, which is part of Belterra, a 1,600-acre master planned community named the 2015 Master Planned Community of the Year. The development includes over 200,000 square feet of retail space, comprising of major retailers and employers, including Gold’s Gym, EVO Cinemas, Chick-fil-A, Spec’s, and more. Belterra also comprises approximately 2,000 homes and lots Austin (population 984,567) is the capital of Texas and the seat of Travis County. It is the 11th most populous city in the U.S., the 4th most populous city in Texas, and the most populous state capital in the U.S., recently surpassing Phoenix, Arizona. Austin is the cultural and economic center of the Austin-Round Rock metropolitan statistical area, which has an estimated population of 2.5 million. Austin benefits from a broad economic base as the 20th largest metropolitan economy in the U.S. with a GDP of approximately $222 billion. Numerous Fortune 500 companies are based in or maintain a significant presence in and around Austin, including 3M, Advanced Micro Devices (AMD), Amazon, Apple, Facebook (Meta), Google, IBM, Intel, NXP Semiconductors, Oracle, Tesla, Texas Instruments, and Whole Foods Market. Dell’s worldwide headquarters are located in the nearby suburb of Round Rock. This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$8,412,000 USD

PRICE/SF

$733 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.79 AC

LAND SF

295,772 SF

ZONING

-

APN/PARCEL ID

R175366

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.