Have- 4811 Burnet Road- Omelettery Site- Ground Lease

Tenant Reps:

My client just contracted to purchase 4811 Burnet Road, “Omelettery” site, and will be offering the site for a 30 year ground lease. Seeking a tenant.

 

Details:

·         .791 acres or 34,455 sf

·         Existing Building is 2,141 SF (built in 1957). Would need serious upgrade or remodeling, but likely best to tear down candidate.

·         Zoned CS-MU-V-CO-NP

·         Alchohol sales permitted for onsite consumption, stay under 51/49% (food/alchohol ratio)

·         Engineering Plans coming, but we estimate:

o   3,500 sf building

o   40 parking spaces

Terms:

·         $150k/year+NNN

·         10% rent escalation after every 5^th year

·         Up to 30 Years

 

 

Jim Young, CCIM

West Point ‘94

512-565-7509

 

 

SOLD- Burnet Road- Austin - 2nd in 30 Days

BURNET ROAD SITE- SOLD  (Second One in30 Days)

 

AUSTIN, TEXAS, (11/5/14) — Announcing the sale of a .38 acre site with 6000 sf warehouse at 6506 Burnet Road, Austin, TX.  Nick Nelson CCIM, and Jim Young CCIM, of KW Commercial,   represented the Seller, a local commercial property Owner.  The Buyer, a local Austinite was represented by Tim Mooney of Lead Commercial.  This property was never on the market, and was sold in an off market status.  Special thanks to Jay Hull, CCIM , for connecting the Buyer & Seller Agent.  Gracy Title handled the closing.

 

 

"Burnet Road is quickly becoming a hot area like South Congress, & South Lamar for both retail and multifamily. We are actively working with Burnet Road property owners to bring these deals to fruition. We are working several other off market deals in the Burnet Road area.  This is our second deal in 30 days on Burnet Road. Stay turned for several more… "  

 

 

 

 

	Jim Young, CCIM West Point ‘94 512-565-7509
1801 S Mopac, Suite 100, Austin, TX 78746

 

 

SOLD- Burnet Road- Austin - 2nd in 30 Days

BURNET ROAD SITE- SOLD  (Second One in30 Days)

 

AUSTIN, TEXAS, (11/5/14) — Announcing the sale of a .38 acre site with 6000 sf warehouse at 6506 Burnet Road, Austin, TX.  Nick Nelson CCIM, and Jim Young CCIM, of KW Commercial,   represented the Seller, a local commercial property Owner.  The Buyer, a local Austinite was represented by Tim Mooney of Lead Commercial.  This property was never on the market, and was sold in an off market status.  Special thanks to Jay Hull, CCIM , for connecting the Buyer & Seller Agent.  Gracy Title handled the closing.

 

 

 

"Burnet Road is quickly becoming a hot area like South Congress, & South Lamar for both retail and multifamily. We are actively working with Burnet Road property owners to bring these deals to fruition. We are working several other off market deals in the Burnet Road area.  This is our second deal in 30 days on Burnet Road. Stay turned for several more… "  

 

 

 

 

	Jim Young, CCIM West Point ‘94 512-565-7509
1801 S Mopac, Suite 100, Austin, TX 78746

 

 

SOLD- Burnet Road- (2nd Deal in 30 Days)