Net-lease investment offering

Shops at Tech Ridge

12314 North I-35, Austin, TX

$4,230,400Asking price
6.00%Capitalization rate
$253,824Net operating income
7.43 YearsWALT
Offering memorandumComplete investment materials
Download OM
Bobby Jarosz
Bobby JaroszSenior Associate - Dallas
Lic # TX: 785956-SA
Teddy Leonard
Teddy LeonardManaging Principal - Austin
Lic # TX: 631339-B
Broker of RecordTeddy LeonardStonecliffTX License No. 631339-B
Shops at Tech Ridge
Multi-tenant

Offering Details

Investment Economics
Asking Price$4,230,400
Capitalization Rate6.00%
Net Operating Income$253,824
Lease Profile
WALT BasisBuilding-area weighted; as of October 25, 2026; Zero Electric has no GLA and is excluded
Roof / StructureRoof & Structure
Landlord ResponsibilitiesRoof & Structure
Lease TypeNNN
Tenant ExpirationsSmoothie King: October 31, 2032 (exercised option); Orangetheory: December 31, 2036; Lilac Dental: February 28, 2034; Twin Lakes Chiropractic: September 29, 2030 per tenant profile (OM summary also shows August 2030)
Parking-Stall TenantZero Electric: four stalls; no GLA; expiration June 30, 2029; personal guarantees; one extension
Tenant Count5 (including Zero Electric parking-stall tenant)
Rent IncreasesSmoothie King: 10% in exercised option and remaining option; Orangetheory: scheduled steps in 2027, 2030 and 2033; Twin Lakes Chiropractic: 2% annually; Lilac Dental: 10% in year 6
Tenant StructureMulti-tenant
GuarantyPersonal guarantees: Smoothie King, Lilac Dental, Twin Lakes Chiropractic, Zero Electric; Orangetheory: no guaranty
WALT7.43 Years
Renewal OptionsSmoothie King: 1 x 5 years remaining; Orangetheory: none; Twin Lakes Chiropractic: 2 x 3 years; Lilac Dental: 2 x 5 years at fair market rent; Zero Electric: 1 extension
Property
Property TypeMulti-tenant retail
Building Area8,128 SF
Land Area0.54 Acres
Year Built2017

Investment Overview

STONECLIFF is pleased to present the exclusive listing for the Shops at Tech Ridge located at 12314 North I-35, Austin, TX 78753. The site consists of roughly 8,128 rentable square feet of retail space on an estimated 0.54-acre parcel of land. 

  1. 01
    High-Traffic Location

    The subject property is strategically located just off Interstate 35, which experiences approximately 184,000 vehicles per day. The property also benefits from strong traffic counts along S I-35 Frontage Road, with approximately 54,000 vehicles per day, and W. Yager Lane, with approximately 22,300 vehicles per day

  2. 02
    Outstanding Demographics

    More than 20,782 residents live within a one-mile radius of the property, while the five-mile population exceeds 334,500 residents.

  3. 03
    Strong Retail Corridor

    The property is positioned within a well-established retail corridor surrounded by prominent retailers, hotels, and demand drivers, including JCPenney, H-E-B, Walmart, Hilton, Courtyard by Marriott, and numerous other national brands.

  4. 04
    Close Proximity to Downtown Austin

    The property is located approximately 11 miles, or a 15-minute drive, from downtown Austin.

  5. 05
    Immediate Access to Interstate 35

    Interstate 35 is one of the most heavily traveled transportation corridors in Texas, providing direct connectivity between Austin, San Antonio, Dallas–Fort Worth, and other major markets throughout the state.

Location & Market

Austin, TX · 12314 North I-35, Austin, TX

The property is located in Austin, TX. The map and market indicators below summarize regional access, demographics, and surrounding demand drivers.

Aerial market map for Shops at Tech Ridge
184,000Interstate 35 traffic
54,000I-35 frontage-road traffic
22,300West Yager Lane traffic
20,7821-mile population
334,5005-mile population
11 MiDistance to downtown Austin