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Private Investor Acquires Restaurant-Leased Properties For $9M With Broker Levin Johnston In Lutz & Austin
SOLD
$9,000,000
Florida
See Similar DealsRetail14,874 SF
Sold 02/05/2026
SOLD
Private Investor Acquires Restaurant-Leased Properties For $9M With Broker Levin Johnston In Lutz & Austin
10301 Cross Creek Boulevard & 7300 Mc Kinney Falls Parkway
See Similar DealsRetail14,874 SF
Sold 02/05/2026
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$605
Total Square Footage:14,874 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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