Shoe Palace (Nice Kicks)

2900 Guadalupe St, Austin, TX
Price:
$2,929,126
Cap Rate:
6.50%
Current Rent:
$190,393
Lease Type:
Triple Net
Landlord Responsibilities:
Roof, Structure, Exterior Utility Lines, & Fire Sprinklers
Renewal Options:
2, 5-year options
Building Sq. Ft.:
6,399 SF
Rent Increases:
4% Annually
Site Size:
0.15 Acres

Investment Highlights

  • COMMITMENT: Brand new 10 year lease extension, and lease calls for 4% annual rental escalations, providing a strong hedge against inflation
  • CREDIT: Lease guaranteed by Shoe Palace Corporate, a wholly owned subsidiary of JD Sports, a $7b revenue company
  • CUSTOMER BASE: Located less than 2 miles from the University of Texas at Austin (51,991 Students)
  • SURROUNDING RETAIL: Situated in a strong retail corridor including: In-N-Out Burger, Halal Bros, Whataburger, Starbucks, Torchy’s Tacos, Etc.

Listing Agents

Phil DiGennaro

Managing Director
203 610 1541
phil@stream-cp.com

Connor Shell

Managing Director
407 913 9009
connor@stream-cp.com

Broker of Record: Kyler Bean, Texas Lic. #646910

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