Properties / Austin
1119 Airport Blvd
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Square feet
- 2,464
- Year built
- 1949
- Lot
- 14,375 sq ft
Single-tenant auto service building on a 0.33 AC hard corner at Airport Blvd and Springdale Rd, leased on a 10-year NNN lease to a multi-unit Meineke franchisee with a 12% bump at year five.
Financials
From the listing
| Asking price | $1,600,000 | Confirmed · Listing agent |
| Price per sq ft | $649 | Calculated |
| Reported rent | Not disclosed by the listing |
The listing does not state income. Realtix adds an income view once the rent roll or NOI is disclosed.
Realtix plan
Desk analysis complete, based on the listing and market data. Figures not confirmed by documents are marked as estimates. This is Realtix's own view, not investment advice.
Strategy: Single-tenant NNN lease
Strengths
- 10-year NNN lease to a multi-unit franchisee
- 12% rent increase at end of year 5
- Signalized hard corner in East Austin with CS-MU zoning
Risks
- Franchisee, not corporate, credit
- 1949 building and possible environmental issues from auto use
- Extension options at fair market value
Catalysts
- East Austin Airport Blvd corridor redevelopment
- CS-MU-NP zoning supports future mixed use
Due diligence still needed
- Phase I environmental report
- Franchisee financials and personal guaranty
- Current rent and resulting cap rate
- Reconcile building size (2,464 vs 2,868 SF)
Realtix screening score
Not scored yet. A score appears once there is a price, size, year built and an income figure.
Realtix preliminary screening score. Not investment advice, and it does not predict returns.
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Sources
- Listing source
- CityFeet
- Listing brokerage
- Sayers Real Estate Advisors · Paul Byars
- Last verified
- 2026-10-08
Updates
- 2026-10-08 Listing checked against the source.