Blue West Capital is pleased to offer for sale a rare trophy core investment opportunity located in Austin, TX. Paperboy is one of Austin’s most popular restaurants located in the dynamic and eclectic East Austin neighborhood. This property is positioned within walking distance to downtown Austin and one mile southeast of The University of Texas at Austin.
This investment opportunity offers a long-term sale leaseback with 10 years remaining at close of escrow. This brand-new high-end construction building (2020) offers an absolute triple net lease with zero landlord responsibilities and 7.5% rental increases every five years.
Paperboy previously operated two popular food trucks, and this location marks the tenant’s first brick-and-mortar restaurant with plans for expansion. Paperboy has received numerous accolades and features from publications such as the Infatuation, the Austin American-Statesman, Eater, and A Taste of Koko.