Austin, TX
Price: $4,250,000
Cap Rate: 5.18%
Status: AVAILABLE

Paperboy - Main - BWC
Paper Boy 2
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Paperboy - Main - BWC Paper Boy 2 DCIM102MEDIADJI_0127.JPG DCIM102MEDIADJI_0125.JPG
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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.​

  • Located in East Austin, one of the city’s most dynamic, eclectic, and hottest neighborhoods
  • Property is positioned within walking distance to downtown Austin and less than one mile east of the Texas Capitol Building
  • Long-term lease with 10 years remaining at close of escrow
  • Absolute triple net lease with zero landlord responsibilities

OFFERING SUMMARY

Price: $4,250,000
Cap Rate: 5.18%

Building Size: 3,175 SF
Lot Size:
5,888 SF

INVESTMENT CONTACT

ZACH WRIGHT    
Director
Net Lease Investment Sales
720.966.1628
Zach@BlueWestCapital.com

BRANDON GAYESKI  
Associate Director
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com

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2021-08-25T14:18:21-07:00
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