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Woodland Place 13616 N Highway 183 11,049 SF 100% Leased Retail Building Austin, TX 78750 $5,300,000 ($479.68/SF) 6.50% Cap Rate

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EXECUTIVE SUMMARY

SRS Capital Markets has been exclusively retained to offer to qualified investors the unique opportunity to acquire Woodland Place (the “Property”), an 11,049± SF retail building on 1.8575 acres in Northwest Austin on N Highway 183 (Research Boulevard) (115K VPD).
The Property's location with frontage on N Highway 183 (Research Boulevard) provides visibility along Austin’s major corridor between North Central Austin and Cedar Park/Leander, two of Austin’s fastest growing suburbs.
Northwest Austin has grown to be among Austin’s major tech hubs. Anchored by the Domain and the Arboretum, firms such as Visa, Apple (133 Acre Campus), and Amazon have deep roots in the corridor that drive long term growth.
Woodland Place offers investors an exceptional opportunity to acquire a retail asset leased to medical and service oriented tenants with 4 years of WALT in Austin’s path of growth.

SRS_Executive Summary_Woodland Place

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

11,049 SF

Building Class

Year Built

2016

Price

$5,300,000

Price Per SF

$479.68

Cap Rate

6.50%

NOI

$344,500

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.14

Lot Size

1.86 AC

Zoning

3-GRCO - GR-CO, I-RR

Parking

49 Spaces (4.43 Spaces per 1,000 SF Leased)

MAJOR TENANTS

Professional, Scientific, and Technical Services
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Established in 1991, by a dentist, Dental Care Alliance's success is the result of their unwavering commitment to improving the well-being of both patients and dental professionals through innovative and proven practice-support solutions. Their allied practices and support team of industry experts work together to continually improve and advance the practice of dentistry. They’re a collective support system for doctors, specialists, hygienists, receptionists, and office staff committed to improving the health of their patients and the communities they serve. A sum that’s greater than its parts. An ever-growing network and support system. They are an alliance you can trust to help unleash your true potential. Just as each tooth has a counterpart and a strong support system, they are a team working together with their allied dental professionals toward the common goal of providing patients with an exceptional dental experience.

Professional, Scientific, and Technical Services
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Firehouse Animal Health Center are pet lovers. And they know you are, too. That’s why their goal is to reshape your experience at the vet. You should enjoy the visit. And your pet should feel calm and happy with them. Firehouse Animal Health Center has always said there isn’t one thing they do that’s dramatically different. It’s the 100 little things they do every day to make the whole experience better. Firehouse Animal Health Center also gifts medical care to pets in need. Their team has helped thousands of dogs and cats become healthy enough for adoption. They celebrate animals who find their forever family. They’re proud of their team and the culture they’ve built: one that delivers the best experience for you, your pet, and the community.