• 1555 East Highway 71, Austin, TX 78742

This property isn't on the market right now.

Property Details

For Sale | Exclusive Net-Lease Offering Memorandum - Gatti's Pizza

EXCLUSIVE NET-LEASE OFFERING MEMORANDUM


CORPORATE AND PERSONAL GUARANTIES | 1555 E. HIGHWAY 71, AUSTIN, TX 78742

Corporate and Personal guaranteed absolute net lease with 13 years remaining
10% rental escalations every 5 years throughout the primary lease term and option periods
Lease guaranteed by Gatti’s parent company (Sovrano LLC) with 20 company-owned restaurants in 13 states
Excellent access and visibility on Highway 71 (Bastrop Highway)
Directly across the street from Austin Bergstrom International Airport
Proximity to four main thoroughfares (Interstate 35, Highway 71, South Highway 183 and Highway 130)
Tenant is currently in the process of completing a $100,000 reface of the building
Brand new P. Terry’s Burger Stand opening soon next door | Premier Austin Burger Restaurant
Combined traffic counts of 209,000 VPD at the intersection of Highway 71 and Highway 183
Traffic counts of approximately 78,000 VPD on Highway 71 in front of the subject property

  • Property Type
    Retail
  • Submarket
  • Total Acres
    0.09
  • Property ID
    2016879