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

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.