Westgate | 4526 Westgate Blvd
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Westgate 4526 Westgate Blvd
6,056 SF 100% Leased Retail Building Austin, TX 78745 $3,200,000 ($528/SF) 5.92% Cap Rate
Investment Highlights
- 100% NNN leased
- In an area with high residential density and very strong daytime employment population
- Juiceland: A tenant since 2014 doubled the size of their space in 2022
- Excellent road front visibility & easy access to Highway 290/71, Mopac, 360 and S. Lamar Blvd
- Located across the street from a Central Market anchored shopping center. One of only 2 Central Markets (HEB’s upscale format stores) in all of Austin
- Vape Shop: A tenant since 2013 recently renewed
Executive Summary
• All tenants have annual base rent increases
• 100% NNN leased
• Juiceland: A tenant since 2014 doubled the size of their space in 2022
• Vape Shop: A tenant since 2013 recently renewed
• Excellent road front visibility & easy access to hwy 290/71, Mopac,
360 and S. Lamar Blvd
• In an area with high residential density and very strong daytime
employment population
• Located across the street from a Central Market anchored shopping center.
One of only 2 Central Markets (HEB’s upscale format stores) in all of Austin
• 100% NNN leased
• Juiceland: A tenant since 2014 doubled the size of their space in 2022
• Vape Shop: A tenant since 2013 recently renewed
• Excellent road front visibility & easy access to hwy 290/71, Mopac,
360 and S. Lamar Blvd
• In an area with high residential density and very strong daytime
employment population
• Located across the street from a Central Market anchored shopping center.
One of only 2 Central Markets (HEB’s upscale format stores) in all of Austin
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,056 SF
Building Class
C
Year Built
1990
Price
$3,200,000
Price Per SF
$528
Cap Rate
5.92%
NOI
$189,379
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.52 AC
Zoning
CS
Parking
25 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
211 FT on West Gate Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Bike Score ®
Very Bikeable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 509343 | Improvements Assessment | $879,740 |
| Land Assessment | $450,000 | Total Assessment | $1,329,740 |
PROPERTY TAXES
Parcel Number
509343
Land Assessment
$450,000
Improvements Assessment
$879,740
Total Assessment
$1,329,740
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Westgate | 4526 Westgate Blvd
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