INVESTMENT OFFERING
SAB Capital is pleased to present Chair King Backyard Store, an outdoor furniture retailer in Austin, Texas. The tenant recently signed a 10 year lease in 2021, leaving over 9 years remaining in lease term. The retailer is the largest outdoor furniture supplier in the country, and the largest casual furniture retailer in Texas. Austin is the 11th most populous city in the U.S. and continues to grow with over a 27% population increase within 5 miles of this site.
- Chair King Backyard Store in Sunset Valley, TX | 5 Miles Southwest of Downtown Austin
- Tenant Signed a New, 10-Year Lease in 2021 | Strong Commitment to Site
- Scheduled $1.50/SF Rent Increase in 2026 | Strong Hedge Against Inflation
- Core Market Fundamentals | Over 230,000 Residents Within 5 Miles of the Subject
- Austin is one of the Fastest Growing Markets in the US | Over a 27% Increase Since the 2010 Census
- Affluent Local Market | 2-Mile AHI: $112,000+ Annually
- Ideally Located on Service Road to Highway 290 | Over 106,000 Vehicles Per Day (VPD)
- Dense Trade Area | Over 2M Square Feet of Existing Retail Space Within One Mile of the Subject
- Less Than 1,000 Feet From a Walmart Supercenter | Attracts Over 1.8M Visitors Every Year
- National Retailers Located Nearby | LongHorn Steakhouse, Wendy’s, Chick-Fil-A, Sam’s Club, Potbelly, Chipotle, Red Robin, TJ Maxx and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
Chair King Backyard Store | $3,111,000 | % | Closed |