Capital City Collision

Capital City Collision

Austin, TX

Austin, TX

Capital City Collision

Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease Capital City Collision in Austin, TX. The property consists of a 5,000-square-foot, freestanding building that sits on approximately 0.42 acres of land. There are 2.0 years remaining on the lease with $6,000 rental increases annually.

Price $1,725,000
Cap Rate 6.26%
Building Size 5,000 sqft
Lot Size 0.42 acres
Year Built 1983
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Joseph Blanga

Senior Associate
(512) 338-7833
Joseph.Blanga@marcusmillichap.com
License: TX 736919
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172
Duke.Dennis@marcusmillichap.com

 

  • Triple Net Lease with Two Years Remaining
  • Near the Signalized Hard Corner of South Congress Avenue and Woodward Street (Combined Traffic Counts Exceed 44,045 Vehicles per Day)
  • Across from St. Edward’s University (Approximately 4,700 Students), With Easy Access to the Retail and Entertainment Offerings of South Congress
  • Less Than a Mile to H-E-B’s New, Multi-Level, South Congress Store
  • More Than 368,422 Residents Within a Five-Mile Radius
  • Daytime Population Increases by 69 Percent with 623,003 Employees (Five-Mile Radius)
  • The Metro’s Population Increased Significantly in Recent Decades and Now Exceeds 2.5 Million Residents

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Joseph Blanga

Senior Associate
(512) 338-7833
Joseph.Blanga@marcusmillichap.com
License: TX 736919

$3,521,000

7.75% Cap

Wells Fargo (Ground Lease)

Fredericksburg, VA

$2,948,000

4.75% Cap

Chase

Fayetteville, AR

$1,055,000

5.03% Cap

Taco Shack

Austin, TX

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