2005 N Lakeline Blvd, Cedar Park, TX 78613
- $3,150,000
- List Price
- $3,150,000
- Status
- ACTIVE
- MLS#
- 9004134
- Days on Market
- 208
- Lot Size
- 45,738
- Area
- Austin - Northwest, Cedar Park/Leander, Northwest Travis Co., Round Rock
Property Description
Turnkey, stabilized medical office investment in the heart of the high-growth Cedar Park/Leander corridor. With a compelling 6.62% average cap rate 5/1/26-4/31/31, the property delivers durable cash flow supported by 5+ year term NNN leases underwritten by strong guarantors, and aggressive scheduled rent growth (historically exceeding 3% annually). The 6,573 SF asset was constructed in 2018 on a highly visible 1+ AC hard corner traveled by 18K+ vehicles daily. It is 100% leased to two established medical practices, a leading rheumatology group and a high-performing orthodontics practice, each with 5+ year terms. Both tenants benefit from proximity to dense residential neighborhoods, top-rated schools, senior housing, and a robust patient base, reinforcing long-term tenancy and demand. Predictable income with built-in growth, well-established medical tenants, and strong fundamentals in a market widely recognized as one of the best places to live and invest in Texas.
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Additional Information
- Tax Year
- 2025
- Year Built
- 2017
- Parking Spaces
- 33
- Construction
- Concrete, Frame, Glass, Masonry All Sides
- Region
- Austin - Northwest, Cedar Park/Leander, Northwest Travis Co., Round Rock
- View
- No View
- Sewer
- MUD
- Stories
- 1
- Street Name
- N Lakeline Blvd
- Street Number
- 2005
- Neighborhood
- Heritage Park Sec 4
- Water
- MUD
- Acres
- 1.05
- County
- Williamson
- Floor
- Carpet, Concrete, Laminate
- Heating
- Central, Heat Pump
Mortgage Calculator
Listing courtesy of Compass RE Texas, LLC. Contact: (512) 575-3644
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