Retail Sale Leaseback

Sale Leaseback

604 & 606-614E 7th Street, Austin, TX, Austin, Texas

Ownership Type:

Fee Simple

Current Rent:

$608,375

Tenancy:

Single Tenant

Lease Type:

Triple Net

Lease Term:

20 years

Landlord Responsibilities:

None

Renewal Options:

Four, 5-year or Two, 10-year options

Building Sq. Ft.:

7,581 SF

Rent Increases:

2.00% Annual Increases

Investment Highlights

Long-term (20-year) absolute triple net lease with annual rent escalations
Strong financial profile with robust revenue and healthy adjusted EBITDA, reflecting a margin of approximately 29% for 2024
Highly desirable location steps from Interstate 35 (176,582 VPD), surrounded by prominent tenants, including Whole Foods, Target, UPS, Trader Joe’s, and more.
Austin-Round Rock MSA boasts a strong average household income of $122,445 within a 3-mile radius
Prominent Neighboring tenants, including Whole Foods, Target, UPS, Trader Joe’s, and more
Experienced management team with over 200 years of relevant industry experience

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Ownership Type:

Fee Simple

Current Rent:

$608,375

Lease Type:

Triple Net

Lease Term:

20 years

Landlord Responsibilities:

None

Renewal Options:

Four, 5-year or Two, 10-year options

Building Sq. Ft.:

7,581 SF

Rent Increases:

2.00% Annual Increases

Listing Agents

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Daniel Macks

Managing Director
847 420 2116[email protected]

Broker of Record: Kyler Bean TX Lic#: 646910

Due Diligence

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