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Burnet Place | Infill Retail Opportunity
8312 Burnet Rd | Austin, TX
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Investment Highlights
• Price: $3.6 mm
• NOI: $234k
• Square Footage: 12,500 sf
• Land Size: 39,160 sf
• Year Built: 1986
• Rare Opportunity to Acquire Stabilized, Infill Austin Retail Center
• Below Market Rents
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BBD Commercial is pleased to market for sale Burnet Place. This is an exciting opportunity to acquire a core property in the second fastest growing metropolitan area in the U.S. according to Forbes Magazine.
Burnet Place is currently 100% occupied. However, the property presents excellent upside potential in that the majority of the leases are below market rents, some of which are short term. This provides an opportunity to significantly improve the NOI over the course of ownership.
The Burnet Road Corridor is becoming one of the most coveted, and rapidly changing retail areas in Austin, TX. This investment affords the rare combination of being in this improving corridor, having stable in place income, and upside growth.
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