Bawarchi Indian Cuisine 15881 Ronald W Reagan Blvd 5,850 SF Retail Building Leander, TX 78641 $3,459,130 ($591.30/SF) 5.75% Cap Rate



INVESTMENT HIGHLIGHTS
- 15881 Ronald W Reagan Boulevard is a 5,850-square-foot standalone restaurant built in 2025 and 100% leased to Bawarchi Indian Cuisine as of 4/1/2025.
- Located in a thriving market as the population within a 5-mile radius grew by 20% from 2020-2024 and is projected to jump another 27% by 2029.
- Leased at an above-market annual rate of $34 per square foot with increases built in, compared to the submarket average of ~$31.50.
- Absolute NNN lease on a 15-year term with an annual rent of $198,900, 3% annual increases, and built-in renewal options.
- Affluent area with an average annual household income of $137,000 within a 5-mile radius contributing to $2.4 billion in consumer spending.
- The Ronald Reagan corridor is a key connector to other major areas like Cedar Park, Georgetown, and Round Rock.
EXECUTIVE SUMMARY
15881 Ronald W Reagan Boulevard is a premier opportunity to enter or expand in booming Leander, Texas, with a newly built and newly leased asset along one of the city’s primary corridors.
Built in 2025, the retail/restaurant property spans 5,850 square feet and is a freestanding corner outparcel with patios on three sides of the building. It is leased to a single-tenant, Bawarchi Indian Cuisine, a growing chain brand that brings traditional Indian flavors to a broader audience. The tenant's lease started on 4/1/2025 for a 15-year term at an above-market rent with annual increases and renewal options built in.
As Building #5 of the Prime Office Warehouses Leander business park, 15881 Ronald W Reagan Boulevard benefits from the traffic coming to co-tenants like Three Wheeler Strength Gym, Lego, and 22 Yards Austin Cricket Facility. Leander traffic is up in general as its population base has undergone an unprecedented growth spurt with no signs of slowing down. Ronald W Reagan Boulevard is one of Leander’s main thoroughfares, providing visibility to thousands of the area’s affluent residents and optimizing the long-term outlook of success for Bawarchi Indian Cuisine and 15881 Ronald W Reagan Boulevard.
Built in 2025, the retail/restaurant property spans 5,850 square feet and is a freestanding corner outparcel with patios on three sides of the building. It is leased to a single-tenant, Bawarchi Indian Cuisine, a growing chain brand that brings traditional Indian flavors to a broader audience. The tenant's lease started on 4/1/2025 for a 15-year term at an above-market rent with annual increases and renewal options built in.
As Building #5 of the Prime Office Warehouses Leander business park, 15881 Ronald W Reagan Boulevard benefits from the traffic coming to co-tenants like Three Wheeler Strength Gym, Lego, and 22 Yards Austin Cricket Facility. Leander traffic is up in general as its population base has undergone an unprecedented growth spurt with no signs of slowing down. Ronald W Reagan Boulevard is one of Leander’s main thoroughfares, providing visibility to thousands of the area’s affluent residents and optimizing the long-term outlook of success for Bawarchi Indian Cuisine and 15881 Ronald W Reagan Boulevard.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,850 SF
Building Class
B
Year Built
2025
Price
$3,459,130
Price Per SF
$591.30
Cap Rate
5.75%
NOI
$198,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
8.38 AC
Zoning
General Commercial - General Commercial
Frontage
181’ on Ronald Reagan Boulevard
AMENITIES
- Restaurant
- Signage
- Accent Lighting
- Recessed Lighting
- Air Conditioning
- Smoke Detector
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
5,425
44,727
170,011
299,018
2029 Population
6,885
56,783
216,224
372,216
2024-2029 Projected Population Growth
26.9%
27.0%
27.2%
24.5%
Median Age
36.9
37.3
37.5
37.9
College Degree + Higher
49%
48%
46%
33%
Daytime Employees
1,075
12,977
33,331
71,023
Total Businesses
125
1,752
4,923
10,929
Average Household Income
$154,115
$141,482
$137,175
$137,137
Median Household Income
$135,609
$118,700
$115,559
$114,810
Total Consumer Spending
$78.9M
$636.6M
$2.4B
$4.2B
2024 Households
1,832
15,463
58,288
106,362
Average Home Value
$487,436
$477,587
$472,837
$485,846
NEARBY MAJOR RETAILERS


PROPERTY TAXES
Parcel Number | R644186 | Improvements Assessment | $100,000 |
Land Assessment | $944,555 | Total Assessment | $1,044,555 |