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Tim Hortons | Austin, TX | 1.5% Increases 16201 Ranch Road 620 N 1,600 SF Retail Building Austin, TX 78717 $2,600,000 ($1,625/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- New 20-Year NNN Lease With 1.5% Annual Increases and Zero Landlord Responsibilities; 4 × 5-Year Options Extend Long-Term Income
- Tim Hortons’ First Austin Location; Grand Opening Set Records
- Located in Dense Austin Submarket With 249K+ Residents in 5 Miles and Average Household Income of $146K+
- Personally Guaranteed by High-Net-Worth Multi-Unit Operator; Passive Investment With Strong Credit Profile
- Corner Site Along Ranch Rd 620 N Near SH-45 With 67,500 VPD; Surrounded by H-E-B, Starbucks, Chick-fil-A, and Lakeline Mall
- Tim Hortons Named #1 Franchise to Buy by Franchise Times in 2024
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed Tim Hortons located at 16201 Ranch Road 620 North in Austin, Texas. The property will be leased on a brand-new 20-year absolute NNN lease commencing at the close of escrow. The lease features zero landlord responsibilities, 1.50% annual rent increases, and four (4) five-year renewal options. The lease is personally guaranteed by a high-net-worth operator, offering long-term passive income with strong credit backing.
The ±1,600-square-foot drive-thru sits on ±1.20 acres at the high-traffic intersection of Ranch Road 620 N (±20,515 VPD) and State Highway 45 (±47,000 VPD), near Lakeline Mall. Surrounded by national tenants such as H-E-B, Starbucks, Chick-fil-A, Whataburger, and LA Fitness, the location draws daily traffic from nearby schools, medical centers, and dense residential communities.
This site represents Tim Hortons’ first Austin-area location, signaling the brand’s targeted U.S. expansion under Restaurant Brands International. With 6,000+ units globally and growing U.S. demand, Tim Hortons offers strong brand equity backed by the same company behind Burger King and Popeyes. Priced at $2,600,000 with a 5.00% cap rate and $130,000 starting rent, this opportunity offers a reliable, inflation-hedged investment in one of the country’s fastest-growing metros.
The ±1,600-square-foot drive-thru sits on ±1.20 acres at the high-traffic intersection of Ranch Road 620 N (±20,515 VPD) and State Highway 45 (±47,000 VPD), near Lakeline Mall. Surrounded by national tenants such as H-E-B, Starbucks, Chick-fil-A, Whataburger, and LA Fitness, the location draws daily traffic from nearby schools, medical centers, and dense residential communities.
This site represents Tim Hortons’ first Austin-area location, signaling the brand’s targeted U.S. expansion under Restaurant Brands International. With 6,000+ units globally and growing U.S. demand, Tim Hortons offers strong brand equity backed by the same company behind Burger King and Popeyes. Priced at $2,600,000 with a 5.00% cap rate and $130,000 starting rent, this opportunity offers a reliable, inflation-hedged investment in one of the country’s fastest-growing metros.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
B
Year Built
2024
Price
$2,600,000
Price Per SF
$1,625
Cap Rate
5%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.20 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R502422 | Improvements Assessment | $0 |
| Land Assessment | $1,554,624 | Total Assessment | $1,554,624 |
PROPERTY TAXES
Parcel Number
R502422
Land Assessment
$1,554,624
Improvements Assessment
$0
Total Assessment
$1,554,624
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Tim Hortons | Austin, TX | 1.5% Increases | 16201 Ranch Road 620 N
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