Population
979,000
Growth (5Y)
+21.7%
Median Income
$82,000
Metro GDP
$188B
Market Overview
Austin has emerged as one of the most competitive NNN investment markets in the nation, driven by extraordinary tech industry growth and explosive population expansion. The concentration of Tesla, Apple, Google, Samsung, and Oracle has created a high-income tech workforce that supports premium retail performance across all NNN categories. Cap rates are among the tightest in non-gateway markets (4.5–5.75%), reflecting Austin's perceived premium status. NNN investors typically see strong NOI growth supported by built-in rent escalations and strong tenant sales.
Key Highlights
Silicon Hills is home to Tesla, Apple, Google, and hundreds of major tech employers
Fastest growing major metro in the US from 2010–2020 by percentage
University of Texas (50,000+ students) provides perpetual population and retail demand
No state income tax and business-friendly environment continue to drive corporate relocations
Why Invest in Austin
- 1Nation's most explosive tech job growth drives high-income consumer base
- 2Cap rates are compressing — early movers lock in better yields before further compression
- 3University of Texas anchors permanent retail demand in central Austin corridors
- 4Tesla Gigafactory and Samsung plant create industrial-adjacent retail boom in suburban ring
Recent NNN Activity
"Austin NNN market saw $620M in transactions in 2024 despite some slowdown from 2022 peak. The Round Rock, Cedar Park, and Georgetown corridors remain most active for new QSR and convenience development. Tech-adjacent service tenants (FedEx Office, AT&T) showed premium pricing."
NNN Snapshot
Cap Rate Range
4.5% - 5.75%
Price Range
$2.2M - $7.0M
Avg Lease Term
15 Years
Unemployment Rate
3.1%
Active NNN Tenants
StarbucksMcDonald'sWhole Foods (Amazon)CVSH-E-BAutoZoneChick-fil-A
Major Employers
TeslaAppleGoogleDell TechnologiesSamsungAmazonOracle
Find NNN Properties in Austin
Our advisors have exclusive, off-market NNN inventory in the Austin market right now. Contact us to see what's available before it hits the public market.