10321 Burnet Rd FOR SALE: Austin, TX 78758 Redevelopment/Retail • 22,569 SF Retail/Warehouse on 1.83 AC Reid Gilbreath Lucian Morehead • High Density Mixed-Use Development Site 832.797.8061 512.825.6287 • Backs up to Austin FC Soccer Stadium Near Domain [email protected] [email protected] Executive Summary 10321 Burnet Rd is an unbelievable development opportunity next to the new Austin FC Soccer Stadium. The building is a 22,569 SF retail/warehouse building on 1.83 AC with two-tenants in place at 100% occupancy on short term leases. The building is located near the corner of Burnet Rd and Braker Ln, providing phenomenal access to nearby attractions such as The Domain and the Austin FC Soccer Stadium. Each suite consists of a large showroom, multiple offices, restrooms, and warehouse. Suite 100 (right side) of the building consists of ~8,363 SF of office/warehouse, and suite 101 (left side) consists of ~13,599 SF. Suite 100 includes two roll-up doors, and suite 101 includes 3 roll-up doors in the back. This property creates a fantastic mixed use development or owner-user property for any buyer wishing to be located in the center of Austin’s second downtown. Visits made by appointment only, please do not disturb the tenants. Highlights • Development/Owner-User • Easy Access to Domain & Soccer Stadium • Short-Term Leases • NBG-NP Zoning Allows for High-Density Mixed-Use Reid Gilbreath Lucian Morehead 832.797.8061 512.825.6287 [email protected] [email protected] Listing Location Details Summary 10321 Burnet Rd is located directly next to the Austin FC Soccer Sales Price: Contact For Price Stadium and The Domain, providing countless restaurants, shopping, bars, and other amenities to enjoy. Investment Type: Development/Owner-User The North Burnet corridor is one of the fastest growing and rapidly changing corridors in the city of Austin with millions of SF of mixed Property Type: Flex, Retail/Warehouse use space planned for development over the next few years. Total Building SF: 22,569 SF Land Area: 1.83 AC Zoning: NBG-NP Parking: 65 (3.25/1,000 SF) Year Built: 1999 Class: B Reid Gilbreath Lucian Morehead 832.797.8061 512.825.6287 [email protected] [email protected] LOCATION OVERVIEW 10321 Burnet Rd., Austin, TX 78757 DRIVE TIMES Downtown Austin 17 Minutes THE The Domain ARBORETUM 1 Minute Austin Bergstrum Airport 18 Minutes Mueller District 14 Minutes Radius 3 Miles 5 Miles 10 Miles Households 66,695 143,126 360,664 Traffic Location Households by Marital Status Counts Demographics Married 21,892 50,620 141,206 Married No Children 12,076 26,999 70,866 Married w/Children 9,815 23,621 70,320 Street Name Vehicles Per Day 3 Miles 5 Miles 10 Miles Education 1 | Burnet Rd 35,305 VPD 151,727 331,989 893,202 Some High School 12.34% 11.66% 9.62% Population Estimated annual population growth of 1.75% 2 | Braker Ln 30,916 VPD High School Grad 18.00% 16.26% 14.85% 2 Some College 21.87% 22.04% 23.80% 3 | Mopac 136,890 VPD 3 Miles 5 Miles 10 Miles 3 $ Associate Degree 8.46% 7.95% 7.20% $87,973 $95,400 $105,456 25.59% 26.73% 27.70% 4 | Hwy 183 169,184 VPD 1 Avg Household Bachelor Degree Income Advanced Degree 13.74% 15.37% 16.84% 5 | Burnet Rd (S of Hwy 183) 37,901 VPD Annual Consumer Spending Apparel $95,540 $213,721 $582,191 4 Entertainment $238,100 $537,308 $1,464,284 Food & Alcohol $446,147 $992,134 $2,642,486 Household $221,966 $518,624 $1,463,494 Transportation $381,116 $866,329 $2,369,600 Reid Gilbreath Lucian Morehead 5 832.797.8061 512.825.6287 Health Care $76,306 $172,204 $467,493 [email protected] [email protected] Education/Day Care $114,143 $264,414 $738,552 Information obatined from third-party resource, subject to change. Market Overview AUSTIN’S 2020 RANKINGS The Austin-Round Rock, TX MSA is the thirty-fifth largest MSA in the country, with a population of over 2.1 million FASTEST GROWING BEST PLACE TO START BEST METRO FOR BEST EDUCATED Austin MAJOR METRO A BUSINESS STEM PROFESSIONALS MAJOR METRO #1 #1 #3 #9 residents. The MSA is made up primarily of five counties in Central Texas: Bastrop, Caldwell, Hays, Travis, and Williamson. U.S. CENSUS BUREAU INC. WALLETHUB WALLETHUB The MSA is anchored by Austin, the Texas state capital and location of the state’s flagship university, the University of Texas at Austin (UT). MOST AFFORDABLE HOTTEST CITY CONCENTRATION OF BEST CITY FOR Economy #1 STARTUP CITY #2 FORCOMMERCIAL #5 COLLEGE EDUCATED #9 STAYCATION CLEVER REAL ESTATE ADULTS WALLETHUB The Austin MSA’s economy is robust and driven by the key industries of advanced manufacturing, clean technology, FORBES CITYLAB creative & digital media technology, data management, financial service & insurance, life sciences, space technology, government, and corporate headquarters and regional offices. Major universities in the Austin metro area include the BEST JOB BEST CITY FOR YOUNG MOST RECESSION HARDEST WORKING University of Texas at Austin, Texas State University, and Southwestern University. The world-class educational system #1 MARKET #2 PROFESSIONALS #5 RESISTANT CITY #9 CITY IN U.S. in the region ensures that employers are able to find a well-trained and highly-skilled workforce. In fact, over 90% of WALL STREET JOURNAL SMARTASSET SMARTASSET WALLETHUB the residents in the market are high school graduates or higher, and nearly 47% hold a bachelor’s degree or advanced degree. BEST STATE CAPITAL BEST PLACE TO SAFEST LARGE HEALTHIEST CITY Unique Aspects #1 TO LIVE IN #3 LIVE IN THE U.S. #8 CITY IN U.S. #11 IN AMERICA WALLETHUB U.S. NEWS AND WORLD SAFEWISE WALLETHUB The Austin MSA has gained popularity for two very large and homegrown music festivals: South by Southwest (SXSW) and Austin City Limits. The social environment in the MSA has helped to retain world-class talent that has been able to develop several large corporations and household brands locally, including Dell Computers, Tito’s Vodka, Sweet Leaf Tea Company, and the cooler manufacturer Yeti. Strong educational infrastructure and thriving nightlife have helped corporations retain UT (University of Texas) graduates who have facilitated corporate growth or started their own ventures which have blossomed into robust businesses. DISCLAIMER: The information contained herein has been obtained from sources deemed reliable, but has not been verified and no guarantee, warranty, or representation, either express or implied, is made with respect said information. All information contained herein should be independently verified; Agent assumes no legal responsibility for the accuracy thereof. The offering is made subject to errors, omissions, Reid Gilbreath Lucian Morehead change of price, prior sale or lease, or withdrawal without notice. In accordance with the law, this property 832.797.8061 512.825.6287 is offered without regard to race, creed, national origin, disability or gender. [email protected] [email protected] PHOTOS 10321 Burnet Rd., Austin, TX 78757 SUITE 100 PHOTOS 10321 Burnet Rd., Austin, TX 78757 SUITE 101 PHOTOS 10321 Burnet Rd., Austin, TX 78757 Survey 10321 Burnet Rd., Austin, TX 78757 Information About Brokerage Services Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent. AS AGENT FOR BOTH – INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transac- tion. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties’ consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.