Austin, TX

1.37 Acre Redevelopment Opportunity

Marcus & Millichap is pleased to present the opportunity to acquire a rare 1.37 acre redevelopment opportunity in Austin’s St David’s South Medical District. David’s South Austin Medical Center is a 368 bed acute care facility located on 6.3 acres in the South Menchaca neighborhood and is part of St. David’s HealthCare. The center is currently undergoing a $249 million renovation and expansion. Recent medical construction in the area also includes a urology medical office built in 2020.

Lot Size	1.37 acres

Offering Memorandum

License:

Vincent Knipp

Senior Managing Director Investments

(972) 755-5205

vincent.knipp@marcusmillichap.com

License: TX 0579633

FINANCING TEAM

Duke Dennis

Director

(817) 932-6172

Duke.Dennis@marcusmillichap.com

Rare 1.37 Acre Redevelopment Opportunity in Austin’s St David’s South Medical District
In-Place Month-to-Month Lease Could Minimize Carry Costs for an Investor (See Agents for Details)
Signalized Hard Corner Location on South First Street and Radam Lane (35,324 VPD) Near US 290 (149,817 VPD)
More Than 364,290 Residents and an Average Household Income of $109,863 (Five-Mile Radius)
Significant Workforce Hub: The Daytime Population Increases by 64 Percent Due to 599,258 Employees Within a Five-Mile Radius

License:

Vincent Knipp

Senior Managing Director Investments

(972) 755-5205

vincent.knipp@marcusmillichap.com

License: TX 0579633

1.37 Acre Redevelopment Opportunity

1.37 Acre Redevelopment Opportunity

Vincent Knipp

Duke Dennis

Vincent Knipp

$4,914,200

5.25% Cap

$1,701,000

6.50% Cap

$3,273,000

5.50% Cap

1.37 Acre Redevelopment Opportunity

1.37 Acre Redevelopment Opportunity

1.37 Acre Redevelopment Opportunity

Vincent Knipp

Duke Dennis

Vincent Knipp

$4,914,200

5.25% Cap

RaceTrac (Recent 10-Year Extension)

$1,701,000

6.50% Cap

Taco Cabana (Annual Rent Increases)

$3,273,000

5.50% Cap

7-Eleven (Stripes)