4526 Gate BlvdAustin, TX 78745

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.