for sale 5717 balcones dr. · for more than 25 years, texan eye has provided cataract surgery,...

5717 Balcones Dr.

FOR SALETexan Eye

Austin, TX 78731

Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757

Reid Gilbreath832.797.8061

[email protected]

Lucian Morehead512.825.6287

[email protected]

PROPERTY DESCRIPTIONAsterra Properties is pleased to present this 19,304 SF, 100% leased Class A medical office building in the heart of central Austin. The property is occupied by Texan Eye (the preferred Opthamology provider in central Texas) and has 7 years remaining on a 10 year absolute NNN lease with 2 (five year) renewal options. The tenant is responsible for the payment of taxes, insurance, utilities, repairs, maintenance, including the roof, parking, and structure, leaving minimal landlord responsibilities.

This is a rare opportunity to own a long term NNN investment in one of the fastest growing areas in the United States and offers phenomenal visibility along Mopac which is one of Austin’s most traveled corridors. Surrounded by high income neighborhoods, this property is located 11 minutes from Downtown and 10 minutes to The Domain (Austin’s second downtown).



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LISTING DETAILSPrice: Contact For Pricing

Cap Rate: 5.5%

Investment Type: Investment

Lease Type: Absolute NNN

Lease Term: 7 Yrs Remain on 10 Yr Lease

Class: A

Square Footage: 19,304 SF

Floors: 2

Occupancy: 100%

Year Built: 1983

Year Renovated: 2007

Zoning: GR - CO

Lot Size: 1.83 AC

Parking: Surface

Parking Ratio: 97 Surface Spots (5:1,000)

Stable Cash Flow Easy Access to Numerous Nearby Amenities

Long Term NNN Lease Near High-Income Neighborhoods

Ideally Located

INVESTMENT HIGHLIGHTS



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TENANT OVERVIEWFor more than 25 years, Texan Eye has provided cataract surgery, LASIK, and ophthalmology services for residents of Central Texas. In fact, more Central Texans choose Texan Eye for their vision needs than any other practice in the region. Their experienced providers have made Texan Eye the vision treatment and correction practice of choice in Austin as well as Cedar Park. Among a variety of surgical treatments for cataracts, glaucoma, and other vision problems, they also have the most experienced LASIK surgeons in Central Texas. Their LASIK eye surgeons utilize the most sophisticated refractive surgery techniques available.

Texan Eye currently has 25 ophthalmologists and optometrists serving Central Austin. Several of our eye surgeons are recognized nationally and internationally as leaders in the field of cataract and refractive surgery, and all of our doctors have received advanced training.

Texan Eye offers a full profile of eye services at our Austin and Cedar Park offices, including:

Texan Eye has successfully operated at this location since it was built in 1983.

Custom LASIK, Custom ASA ReSTOR®

Full Focus® Cataract Surgery with Crystalens® AcrySOF® Toric Intraocular Lenses

Comprehensive eye health examinations for glasses and contact lenses

Medical and surgical treatment of retinal, corneal, glaucoma, and oculoplastic conditions

Tecnis® Multifocal



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DEMOGRAPHICS

1 MILE 3 MILES

Total Households: 6,824

Total Population: 13,671

Average HH Income: $89,666

Total Households: 57,974

Total Population: 120,212

Average HH Income: $76,974

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, change of price, prior sale or lease, or withdrawal without notice. In accordance with the law, this property is offered without regard to race, creed, national origin, disability or gender.

Projected population growth of 10+% in the next five years.



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WHAT’S NEARBYMany nearby amenities within a 2-mile radius include:

Texas Neurology Center, Randalls, HEB, Starbucks, Chez Zee American Bistro, McDonald’s, CraigO’s Pizza, Chase, Bank of AmericaThe Triangle Mized-Use Development, Seton on 38th St., Heart Hospital of Austin, Central Market, Rudy’s BBQ, Kerbey Lane, Chili’s, Pinthouse Pizza, Torchy’s Tacos, Jimmy John’s

Walmart, HEB, Chipotle, Cabo Bob’s, Top Notch, Walgreens, Office Depot, Hopdoddy, Tacodeli, Cover 3, Jack Allen’s Kitchen, Eldorado Cafe, Subway, Pak Mail, Barlett’s, Panda Express, Chase, Bank of America, + more

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PHOTOS - EXTERIOR



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PHOTOS - INTERIOR



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for sale 5717 balcones dr. · for more than 25 years, texan eye has provided cataract surgery,...

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