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Exceptional investment opportunity: Westgate Center, a 6,054 square foot retail property in Austin, Texas, is offered at $3,200,000. This stabilized, multi-tenant (3 tenants) property boasts a 5.92% cap rate and a strong net operating income (NOI) of $189,379. Built in 1979, the 0.516-acre site features a prime location at 4526 West Gate Blvd, Austin, TX 78745, offering excellent road frontage and easy access to major highways (290/71, Mopac, 360, and S. Lamar Blvd). The property benefits from exceptional demographics, with over 116,000 residents and an average household income exceeding $140,000 within a 3-mile radius, and over 330,000 residents with an average household income of $148,000 within 5 miles. All three tenants are under NNN leases with annual rent increases. Two long-term tenants, one since 2013 and another since 2014 (expanding in 2022), demonstrate stability and growth potential. The property's location across from a Central Market-anchored shopping center further enhances its desirability. This is a rare opportunity to acquire a high-performing retail center in a thriving Austin market. The property is 100% occupied, minimizing vacancy risk. This is a triple-net (NNN) leased property, meaning the tenants are responsible for most operating expenses. The property is categorized as QSR/Fast Food, Restaurant, and Shopping Center.
Highlights
Strong demographics: 116,000+ population with $140,000+ average household income within 3 miles; 330,000+ with $148,000+ average household income within 5 miles.
All leases include annual base rent increases.
100% Net-Net-Net (NNN) leased.
Juiceland, a tenant since 2014, expanded their space in 2022.
Vape Shop, a tenant since 2013, recently renewed their lease for a second 5-year term.
Excellent visibility and convenient access to major roadways (Hwy 290/71, Mopac, 360, and S. Lamar Blvd).
Property Details
for 4526 Gate Blvd
Property type
Lifestyle centers, Power centers
Square Feet
6,054 SF
Year Built
1979
Lot Size (sq. ft)
22,477 SF
Location Insight
City
Austin
County
Travis
State
Texas
Latitude
30.2310839
Longitude
-97.800981
4526 Gate Blvd, Austin, Texas
Nearby Similar for Sale
For SaleCall for price
SoCo Austin Retail Investment
Prime Austin retail, office, mixed-use. High growth potential.
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