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2420 Burleson Ct, Austin, TX, 78741

Lumos Fitness Collective
$950,789

Key Information

$ per SF
$420
Tot. SF
2,263
Lot Size
0.34 Acres
Year Built
1983
Type
Retail
NOI
$43,356

Highlights

  • Retail disposition located within a dense residential trade area, supported by approximately 13,874 households within 1 mile, 78,601 households within 3 miles, and 154,934 households within 5 miles.
  • The property benefits from proximity to E Oltorf St, which carries approximately 23,600 vehicles per day, and I-35, which carries approximately 162,000 vehicles per day, providing strong regional connectivity and meaningful traffic exposure.
  • The surrounding area’s residential density and access to major transportation corridors support durable retail demand fundamentals and enhance the property’s relevance for a range of commercial uses
  • The asset presents a compelling owner-user opportunity, supported by strong real estate fundamentals and location characteristics that may appeal to businesses seeking direct access to a large and established consumer base.
  • The property is located within an affluent trade area, with average household incomes exceeding $122,000 within a 3-mile radius.
  • The asset is subject to an in-place lease with approximately 2 years of remaining term, providing immediate income and near-term cash flow visibility.
  • The roof was replaced in 2018, reducing the likelihood of near-term capital requirements.
  • The property is located under the Opportunity Zone designation, which can be a meaningful consideration for investors seeking to align capital deployment with potential tax deferral or tax mitigation strategies

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204