Trails at 620 - 8300 N RM 620

The McCullough – Jaynes Investment Group of NAI Partners is pleased to present the opportunity to acquire the Trails at 620, a seven building retail portfolio located in Austin’s highly desirable Northwest submarket. Totaling 69,037 square feet, Trails at 620 is experiencing significant leasing momentum with over 20% absorption over the last 18 months bringing the current occupancy to 73.4%. Current Ownership has invested significant capital expenditures to improve property signage & wayfinding, landscaping, and overall curb appeal. This asset is ideally located and benefits from high barriers to entry, affluent demographics, and dense surrounding residential. Trails at 620 offers an investor the opportunity to obtain a high quality, stable asset with immediate value add potential in one of the most desirable markets in America.

STABLE IN PLACE CASH FLOW WITH IMMEDIATE VALUE ADD OPPORTUNITY

- Diverse tenant roster provides stable cash flow with staggered lease expirations

- Immediate value-add opportunity through lease up of remaining vacancy

- Low submarket vacancy at 5.1% and no retail projects under construction since 2019

SUBSTANTIAL LEASING MOMENTUM

- Multiple leases signed in the last 18 months with major tenants accounting for over 20% absorption

- Consistent leasing demand even throughout the Covid-19 pandemic

HIGH BARRIERS TO ENTRY

- Located in the Balcones Canyonlands Preserve, much of the neighboring land is part of the protected wildlife reserve and cannot be developed without time consuming and costly special permits

- The surrounding area is full of complex geography, including rolling hills and jagged bluffs, making future development costly and challenging

MULTIPLE ANCHOR TENANTS

- This power center boasts a wide array of anchor tenants including: Austin Regional Clinic, ARA Diagnostic Imaging, Holiday Inn, and Moviehouse Luxury Cinema