511 Thompson Ln

Significant Annual Income: The property generates a reliable $100,000 in annual net operating income (NOI) from its current lease and increase 3% annually.
Attractive Yield: Offered at a 6.45% Cap Rate, providing a competitive risk-adjusted return compared to current Austin market averages.
Tenant Strength: Features a high-quality tenant, offering long-term stability and mitigating near-term vacancy risk. Founded in 1977, Walls and All, Inc. has been a staple of the Austin construction landscape for nearly 50 years. This longevity signals a stable, well-managed business that has successfully navigated multiple real estate cycles. They are a premier specialty contractor focused on commercial interior finishes.
Recently Upgraded Office Buildout: The asset boasts a modernized office interior with recent capital improvements. These high-end finishes cater to the growing demand for “plug-and-play” creative or professional workspaces in Austin’s industrial-flex sector.
Versatile Functionality: The blend of upgraded office space and functional industrial/warehouse capability makes the property attractive to a wide array of future credit tenants.
Strategic Last-Mile Positioning: Located in the highly sought-after 78742 zip code, the property sits in the heart of Austin’s primary industrial corridor.
Superior Connectivity: Unrivaled access to major transit arteries including Hwy 183, SH-71, and I-35. It is minutes from Austin-Bergstrom International Airport (AUS) and less than 5 miles from Downtown Austin.
High-Growth Submarket: Situated in a “Central” submarket that consistently maintains tighter vacancy rates (approximately 6.0%) and commands some of the highest asking rents in the city.
Proven Resilience: While the broader Austin market has seen a surge in “big-box” supply, smaller flex assets like 511 Thompson Ln remain in high demand due to their scarcity in the urban core.
Tech & Infrastructure Synergy: The property is perfectly positioned to benefit from Austin’s “Silicon Hills” expansion, including proximity to major corporate hubs like Tesla and Oracle.

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Patrick Graham