JLL is pleased to offer for sale the fee-simple interest in a newly-constructed two-tenant retail property (the “Property” or “Asset”) located in Cedar Park (Austin), TX. The Property is fully leased to Stiles Switch BBQ & Brew and Shipley Do-Nuts, two successful restaurant concepts with strong regional brand recognition throughout Texas and the greater southern United States. Both tenants are operating on net lease structures that feature minimal landlord responsibilities, contractual rental escalations, and a corporate guaranty for Shipley Do-Nuts. This offering presents the opportunity to acquire a fully-stabilized retail property leased to two proven restaurant concepts within a highly trafficked retail thoroughfare in the booming Austin MSA.
- 100% occupied two-tenant retail strip
- Net leases with contractual increases, minimal landlord responsibilities, and more than 6 years of WALT
- Leased to two high-profile restaurant concepts: Shipley Do-Nuts and Stiles Switch BBQ & Brew
- Shipley Do-Nuts' lease features a corporate guaranty
- Prime location in Cedar Park, 20 miles north of Downtown Austin