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McAlister's Deli & CareNow-Anchored Shops | Southbrook Station

Leander
,
TX
Texas
Austin

Call for Details

$

10,339,000

Call for Details
5.75
%
CAP Rate

Exposure Along US-183 (22,978 AADT)

within New Southbrook Station Development

Adjacent to Northline

116-Acre Master Planned, Mixed-Use Development

3.76% Annual Population  Growth Rate

within a 5-Mile Radius

Property details
  1. New Construction Shops Building with a Drive-Thru Anchored by McAlister's Deli & CareNow
    • All Tenants on Long Term Leases with Scheduled Rent Increases
    • E-Commerce-Resistant Mix of Food & Service Tenants
  2. Iconic, High-Growth Brands: McAlister's Deli, Freebirds, CareNow, Cold Stone & Atomic Wings
    • Freebirds: Strong Texas Presence with Plans to Double its Footprint Over the Next 5 Years
    • McAlister's Deli: Part of GoTo Foods (Formerly Focus Brands) with Auntie Anne's, Cinnabon, Jamba, Moe's & More
    • CareNow: Operated by HCA Healthcare, One of the Naton's Largest Providers
  3. Excellent Exposure Along US-183 (22,978 AADT) within New Southbrook Station Development
    • Co-Tenants include CAVA, Firehouse Subs, Einstein Bros, Crust Pizza, Smoothie King, Prime IV, Take 5 Oil Change & More
  4. Strategic Location in High-Growth Suburb of Austin
    • 3.76% Annual Population Growth Rate within 5 Miles
    • Robust Commercial Development Activity including Northline, St. David's Hospital and Medical Complex, Leander Springs, Leander Tech Park, Pointe 183 & More
  5. Adjacent to Brand New Northline Development
    • 116-Acre Master Planned, Mixed-Use Development to Serve as Leander's New Downtown District
  6. Across from Austin Community College San Gabriel Campus (2,200 Students)
  7. One Mile from St. David's HealthCare Medical Complex
    • Expanding to Include $182M Full-Service Hospital
  8. ~26 Miles from Downtown Austin
  9. Austin-Round Rock MSA is One of the Fastest Growing Metros in the U.S.
    • Population of 2.5M & MSA GDP of $248 Billion
  10. Qualifies for 100% Bonus Depreciation via Cost Segregation
  11. No State Income Tax in Texas
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Property Specs
Tenancy
Single Tenant
Multi Tenant
Building Size
12,919
SF
Lot Size
1.844
AC
View Offering Memorandum
View Offering Memorandum
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387