A stabilized, turn-key investment offering long-term income growth in a thriving East Austin location.
702 Shady Lane is a 13,183-square-foot retail building positioned on 0.44 acres in the heart of East Austin. The property was substantially improved in 2021 to accommodate Wanderlust Wine Co.’s vibrant self-pour wine concept and event space. The building features flexible floor plans, updated systems, and a large outdoor patio that aligns perfectly with East Austin’s social, experiential culture.
At a Glance
| Building Size | 13,183 SF |
| Land Size | 0.44 acres |
| Asking Price | $5.1 million |
| NOI | $360K or 7% cap |
| Zoning | CS-CO-NP |
| Parking | 1.71:1000 |
Lease Summary
- Current 10-year absolute NNN lease with Wanderlust (commenced June 2021)
- 2.5% annual rent escalations
Recent Improvements
- New roof (flat section) installed in 2021
- Sloped roof less than five years old, confirmed in good condition after professional inspection
- Three new 10-ton commercial HVAC units added in 2021