Austin, TX 78757

Comerica Bank Ground Lease

Property Address

7820 Burnet Road, Austin, TX, USA

Offering Summary

  • Price: $5,315,000
  • Lot Size: 0.87 Acres
  • Cap Rate: 5.35%
  • Year Built: 2010
  • Building SF: 3,554
  • Status: In Escrow
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  • Absolute Triple-Net (NNN) Corporate Ground Lease
  • 10+ Years Remaining with 10% Increases Every 5 Years
  • Outparcel to Walmart Supercenter Shopping Center
  • Infill Austin – 324,635+ Residents in Growing Trade Area
  • Situated 6 Miles from The University of Texas at Austin (50,950+ Enrolled)
  • Located 8 Miles North of Downtown Austin
  • Conveniently Located 1 Mile from Mopac Expy and U.S. Route 183
  • Visible to More Than 55,000 Cars per Day Along Burnet Rd/Anderson Ln
  • Close Proximity to Walmart Supercenter, LA Fitness, Target, PetSmart, Hobby Lobby, and Lowe’s
  • 482,636 Daytime Employees in Surrounding Area
  • Average Household Income Exceeds $91K in Trade Area
  • 30 Minutes from Austin-Bergstrom International Airport
  • Prestigious Allendale/Shoal Creek Location Minutes from Downtown Austin

Broker Information