9511 Lamar BlvdAustin, TX 78753

For Sale
$2,370,000

High-traffic NNN dental office, Austin, TX

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a single-tenant, net-leased dental office located at 9511 N Lamar Blvd, Austin, TX 78753. The 4,053 square foot property, built in 1987 and situated on a 0.68-acre lot, is currently leased to Jefferson Dental Care, a corporate tenant with 63 locations across Texas. The lease, commenced January 25, 2020, has a remaining term of over six years, expiring January 31, 2030, with three 5-year renewal options at a 9% increase. The current annual net operating income (NOI) is $154,014, representing a 6.50% cap rate on the $2,370,000 asking price. The property benefits from a high-traffic location, with 38,000 vehicles passing daily, and enjoys excellent visibility as a hard-corner location across from an H-E-B grocery store. This desirable Austin location is in a dense urban submarket, boasting 141,000 residents within a 3-mile radius and proximity to Q2 Stadium, The Domain, and numerous corporate headquarters, including those of major tech companies and Fortune 500 firms. A significant rent bump of $40 per square foot is scheduled for February 1, 2027. The property's APN is 249278. This is a strong, stable investment in a rapidly growing market.

Highlights

  • Single-tenant, net-leased dental office.
  • 10-year corporate lease with 63 Texas locations; 6+ years remaining.
  • NNN lease; 4,053 rentable square feet.
  • High-traffic, high-visibility corner location; 38,000 vehicles per day, across from H-E-B.
  • Desirable Austin, TX location near Q2 Stadium, The Domain, and corporate headquarters.
  • Dense urban submarket; 141,000 residents within 3 miles; numerous tech companies and Fortune 500 companies.

Property Details for 9511 Lamar Blvd

Property type
Other retail properties, Other office properties
Year Built
1987
Lot Size (sq. ft)
29,621 SF

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.3644933
Longitude
-97.6956401
9511 Lamar Blvd, Austin, 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].
9511 Lamar 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