Listing Courtesy of: Jeffrey Schnabel - Compass RE Texas, LLC 512-575-3644
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2708 E Cesar Chavez St Austin, TX 78702

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Retail Residence
Beds
Baths
3,543 Sq. Ft.
0.39 Acre Lot

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Last updated on 1/9/2025 8:14 AM
The restaurant name was withheld for tenant privacy, but this East Austin Michelin-recommended restaurant is within Austin's pre-eminent hospitality group with accolades almost too numerous to mention. - The group has an unprecedented 6 Michelin Awards, including a Michelin Star awarded in 2024, Bon... Appetit - Hot Ten Best New Restaurants, Robb Report - 10 Best New Restaurants In America, Esquire Magazine's 40 Best New Restaurants In America, Austin American Statesman Best Austin Restaurants 2018, Michelin Bib Gourmand Award For Sustainability, and more. - This award-winning East Austin restaurant is one of the Hospitality Group's 12 fine dining establishments. In particular, since opening in early 2023, it's earned a 2024 Michelin Guide Recommendation, Texas Monthly Best New Restaurants, New York Times' Best Restaurants In Austin Right Now, and Texas Monthly - Best Places To Drink Wine In Austin. - Located in the Holly Street District, according to Time Out Magazine 2019, it's “one of the top 25 coolest neighborhoods in the world”. After a boom in food options and culinary creativity over the last decade, the area is known for an eclectic mix of local and international flavors and a diverse blend of casual eateries, trendy spots, cocktail bars, breweries, and hidden gems. - Texas' business-friendly environment, lack of state corporate or income taxes, higher quality of life, and deep talent pool appeal to businesses considering moving to Austin. Job growth and company relocations continue to drive population growth ahead of any other major market in the country. Since 2010, Austin's population has outperformed the second-fastest-growing market, Raleigh, by more than 7.5%. - 5 years remaining on the initial lease term at a strong average cap rate of 5.61%, look forward to a 6.23% average cap rate during the first 7-year renewal period, and an even stronger 7.04% cap rate in the second 7-year renewal term, subject to tenant renewal. Continue reading
MLS#
6694677
Property Type
Retail
Year Built
2017
Square Feet
3,543 sq. ft
Lot Size
0.39
Sewer
Public Sewer

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Listing Courtesy of: Jeffrey Schnabel - Compass RE Texas, LLC 512-575-3644
Andrea D. Conner, License 521381, Xome Inc., License 9002330, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


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