Wells Fargo Ground Lease 6208 Mcneil Dr

The subject property is prominently located at the junction of W Parmer Lane (26,400 AADT) and McNeil Drive (44,746 AADT) with excellent access and visibility in a strong retail corridor. The site benefits from excellent demographics with a total daytime population of 301,274 and an average household income of approximately $140,000 within 5 miles of the site.

The property benefits from excellent visibility and access outparcel to Parmer McNeil Plaza, with tenants including Starbucks, Chipotle, Schlotzsky’s, Whataburger, Great Clips, Chase Bank, Shell, and more. The site neighbors McNeil Crossing, an H-E-B-anchored center with additional tenants including Subway, Goodwill, FedEx, Wendy’s, and more. There are several high-end car dealerships nearby such as BMW of Austin, Alfa Romeo of Austin, Tesla, Bentley of Austin, and more.

The site neighbors numerous major Austin area employers. It is located less than a mile from Apple’s new $1 billion North Austin campus which will house up to 15,000 employees. Research Park, a 173,000 square foot business park is less than 2 miles from the property and is home to Visa, Cisco, Flex, and many others. Additional nearby employers include eBay, Accenture, Allergen, SparkCognition, Intertek Alchemy, IGT, and more. In addition, the subject property four miles from 441-bed Saint David’s North Austin Medical Center, which provides comprehensive medical services and is home to the St. David’s Women’s Center of Texas, which includes a Level III NICU, St. David’s Children’s Hospital, the Texas Institute for Robotic Surgery, Certified Stroke Center and rehabilitative services, the Kidney Transplant Center, and 24-hour emergency room. Inspire Development’s mixed use Pearson Ranch project is in the works just three and a half miles from the site. It will feature 2.6 million square feet of office space, 200,000 square feet of retail, restaurant, and community space, as well as two hotels, thousands of multifamily units, and 30 acres of parks. Additionally, 48 acres will be devoted to a corporate campus, perfect for the area’s booming tech sector.

McNeil High School (2,690 students) and Jollyville Elementary School (507 students) are less than a mile from the site. The schools draw significant additional traffic from students, teachers, and parents. There are several luxury apartment and housing communities within walking distance such as Windsor Apartments, Stone Oak, The Monterra, Highline, and Riata Crossing.

This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.