Private Investor Acquires Restaurant-Leased Properties For $9M With Broker Levin Johnston In Lutz & Austin
10301 Cross Creek Boulevard & 7300 Mc Kinney Falls Parkway
$9,000,000
$605/SF
Building Size
14,874 SF
Asset Type
Retail
Closing
Feb 5, 2026
AI
A private investor acquired two restaurant-leased properties located at 10301 Cross Creek Boulevard in Lutz and 7300 McKinney Falls Parkway in Austin. The total sale price for these properties was $9,000,000. The properties comprise a total area of 7,437 square feet, with the Chipotle location offering 2,493 square feet and the Chick-fil-A covering 4,944 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Square Footage: 7,437
- Address: 10301 Cross Creek Boulevard, Lutz & 7300 McKinney Falls Parkway, Austin
- Price Per Square Foot: $1,210
- Broker: Levin Johnston - Marcus & Millichap
The Levin Johnston team from Marcus & Millichap represented the buyer in both transactions involving the Chipotle and Chick-fil-A properties. These acquisitions reflect the firm's expertise in securing investments in prime retail locations.
Tampa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93