- For Sale Contact Broker
- Property Type Retail - Street Retail
- Property Size 2,464 SF
- Units 1
- Lot Size 0.32 Acre
- Year Built 1949
- Date Updated Sep 3, 2026
Description
...Sayers Real Estate Advisors is pleased to present the exclusive opportunity to acquire 1119 Airport Blvd, a single-tenant NNN Meineke Center in Austin, Texas. Strategically positioned on a high-visibility, hard-corner signalized intersection at Airport Blvd and Springdale Rd—one of East Austin’s premier arterial junctions—this property offers an investor passive income backed by a multi-unit Meineke franchisee with a 10-year lease in place. The lease features built-in yield growth through a rare 12% rental increase in Year 5, providing a strong hedge against inflation, along with future renewal options structured at Fair Market Value.
Highlights
- Contractual Rent Growth: Rare 12% rental increase at the end of Year 5 of the initial term, with both extension options structured at Fair Market Value (FMV).
- Dense & Growing Demographic Base: Densely-populated East Austin trade area with over 340,000 residents in a 5-mile radius
- Established Franchisee & Long-Term Lease: 10-Year NNN lease with a multi-unit Meineke franchisee
- High-Traffic & Dense Infill Setting: Surrounded by popular local destinations, major employment hubs, and modern residential developments (e.g., Springdale General, Springdale Green Office, Lift ATX, Pearl & Goodwin Apartments).
- Prime Hard-Corner Signalized Intersection: Located at the signalized intersection of Airport Blvd & Springdale Rd one of East Austin's main intersections
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Contacts
Paul Byars, CCIM
Sayers Real Estate Advisors
Location
Located at 1119 Airport Blvd, Austin, TX 78702, this property is part of the Martin Luther King neighborhood and Austin market.
Contact Listing Broker
Paul Byars, CCIM
Sayers Real Estate Advisors
