Retail    

Salad & Go (Ground Lease)

 Round Rock (Austin), TX

Asking Price

$2,213,000

Cap Rate

5.65%

For more details on this exclusive listing

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Total Building GLA

850 SF

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Abs. NNN Ground Lease

20-Year

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Year Built

2024

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High-Traffic Trade Area

40K+ Combined VPD

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Dense & Affluent Demos

88k+ Pop. (3 Mi)

INVESTMENT HIGHLIGHTS

  • New Long-Term 20-Year Absolute NNN Ground Lease - Zero Landlord Responsibilities
  • Exceptional Rental Growth - 10% Every 5 Years Providing Three Increases in the Base Term
  • Desirable, High Growth Austin-Round Rock-San Marcos, TX Metro - 65% Population Growth Since 2010
  • Corporate Guaranty from Expanding Operator - Slated to Open a New Location Each Week of 2024
  • Brand New Construction w/Double Drive Thru - 2024 Construction with Salad and Go’s Most Recent Prototype and Double Drive-thru Concept
  • Income Tax Free State
  • Surrounded by Multiple Housing Developments - 1,100+ Single-Family Homes, Townhomes, and Multifamily Units
  • High-Traffic Trade Area
    40K+ Combined VPD and Access to State Highways and I-35, Which All Provide Access to the Broader Austin MSA
  • Near Major Traffic Drivers
  • Dense and Affluent Demographics - The Property Benefits from 3-Mile Pop. of 88K+ & AHHI of $148K+ (1 Mile) and $145K+ (3 Miles)

Exclusively Listed By

Matt Spangenberg

Associate Vice President
  mspangenberg@northmarq.com      +1 312.777.2442

Daniel Herrold

Senior Vice President
  dherrold@northmarq.com      +1 918.814.1966

Michael Zimmerman

Vice President
  mzimmerman@northmarq.com      +1 954.290.6366

Vikaas Patni

Senior Associate
  vpatni@northmarq.com      +1 513.828.6252

Eduardo Elizondo

Associate
  eelizondo@northmarq.com   

Mitch Bensch

Investment Sales Analyst
  mbensch@northmarq.com   

In Association With
Jim Gibson

TX Lic. #392926

Northmarq

6120 S Yale Ave, Suite 300
Tulsa, OK 74136


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