500 East Ben White BlvdAustin, TX 78704

For Sale
$20,000,000

The Abby at Ben White

Overview

Added:
Jan 29
Days on market:
45
PROPERTY HIGHLIGHTS:

Shadow Anchored By #1 Walmart In Austin

The subject property sits next to the highest performing Walmart in Austin, and is the closest Walmart to Downtown
This trade area includes several other national tenants and traffic generators including Home Depot just north of the subject property
Surrounded by several hotels including Aloft Austin South, Austin Marriott South, Wyndham Garden Austin, Homewood Suites by Hilton Austin, Hampton Inn Austin – all within 1 mile


Phenomenal Demographics

347,708 population in 5-mile radius
64% annual population growth rate projected between 2023 – 2028 in 1-mile radius
2023 median age of 31.6
$113,620 household incomes in 5-mile radius
17% average household income growth rate projected between 2023 – 2028


Well Located Off S. Congress Ave Near Two Major Highways

Ideally located off S. Congress Avenue, a major thoroughfare through Austin with 37,760 cars per day
Tremendous accessibility due to its location fronting Highway 290 with 160,302 cars per day, and is just blocks from Interstate 35 with 206,645 cars per day


Proximity to St. Edward’s University and William B. Travis High School

Property benefits from its location near St. Edwards University with 2,769 students enrolled (2022)
William B Travis High School, a major high school for the area, has 1,249+ students enrolled and a traffic generator for the property


Austin-Bergstrom International Airport

The Abby at Ben White is conveniently located just 7 miles from Austin International Airport

Highlights

  • 100% Occupancy – Strong Tenant Mix The Abby at Ben White has enjoyed high occupancy since it was built in 2006 Subject property is currently 100% occupied with a strong tenant mix High sales at this original location for Cabo Bob’s, a Mexican QSR based in Austin Other national tenants include Gamestop, Subway and T-Mobile Future Redevelopment Opportunity – 5.9 Acre Parcel at Low Price PSF At $77 psf, this income producing property can be acquired at or below where vacant land is trading near downtown Austin Excellent opportunity to acquire a future redevelopment at a low price psf while maintaining cash flow Rare Large Land Parcel Near Downtown Austin Large 5.9 acre parcel ideally located just 3 miles from downtown Austin provides any future owner a rare opportunity with several options The City of Austin has done away with their parking code which is great for land value/developers **EMAIL [email protected] TO SIGN AND RETURN A CONFIDENTIALITY AGREEMENT FOR ACCESS TO THE PROPERTY FINANCIALS INCLUDING RENT ROLL AND INCOME EXPENSE STATEMENT

Property Details for 500 East Ben White Blvd

Property type
Other retail properties, Individual retail properties
Square Feet
49,211 SF
Price / Square Foot
$406.41
Year Built
2006
Buildings
1
Stories
2
Elevators
N/A
Lot Size (sq. ft)
257,004 SF
Net Operating Income
$1,218,672

Location Insight

City
Austin
County
State
Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
500 East Ben White Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message