Documents
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Key facts
| Year Built | 2008 |
| Building Area Gross |
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| Occupancy | 99.0 % |
Property description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the rare opportunity to acquire 1890 Ranch (“the Property”), a best-in-class retail destination consisting of 444,248 SF of quality anchor and shop space, represented by an exceptional line up of national retailers including Super Target (NAP), Hobby Lobby (NAP), Ross, Academy, Natural Grocers, Burlington, PetSmart, and more. Located in Austin, Texas’ rapidly growing Northwest suburb, Cedar Park, the Property serves a vast and growing trade area consisting of 213,000 people with an avg. HH income of $124,000 within a 5-mile radius.
Investment highlights
- Top 2% of shopping centers nationally
- Significant in-place cash flow with strong national tenancy
- 205% population increase from 2000-2021 (3-mile radius)
- Potential redevelopment opportunity
- Robust demographics - $124,000 Avg HH income (5-mile radius)
- Austin, Texas is the #1 city for real estate investment (2020)
Similar Properties
View moreThe value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.
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