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Payton Gin Center 1022 Payton Gin Rd

7,416 SF 100% Leased Retail Building Austin, TX 78758 $1,807,517 ($244/SF) 5% Cap Rate

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Investment Highlights

100% occupied
Value-add property

Rent below market rate

Executive Summary

- The property is 7,263 square foot neighborhood services retail center currently 100% leased with well rounded and stable tenant mix. The building sits on approximately 0.854 acres of land and is zoned LR-NP (Neighborhood Commercial-Neighborhood Plan Combining District).
- The property is situated on the west side of Payton Gin Road, less than 1,500 feet from intersection of Payton Gin Rd and North Lamar Boulevard, and less than a mile to HWY 183.
- The rents are below market rate.
- There is opportunity to increase rental income by repositioning tenants.

1022 Payton Gin Sale OM