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.
- 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)