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… Read More 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. Read Less
Property listed by Compass RE Texas, LLC 512-575-3644 (512) 575-3644
Listing Snapshot
Days Online
157
Last Updated
Property Type
Office
Square Ft.
6,573
Lot Size
1.05 Acres
Year Built
2017
MLS Number
9004134
Additional Details
Building
1 total stories, Built in 2017, 6573 total building sqft, Multi Tenant, No Loading, Private Restrooms, Public Restrooms, Signs, Frame, Glass, Masonry, Concrete
Disclosures
Municipal Utility District Disclosure
Accessibility Features
Accessibility Features, Common Area, Accessible Doors, Accessible Entrance, Accessible Hallways
Expenses
Operating Expense: $61,892
Floors
Carpet, Concrete, Laminate
Heating
Central, Heat Pump
Income
Gross Scheduled Income: 255560.06
Lot
1.05 acres, Area: 1.05, Flat
Parking
Common, Lighted, On Site, Outside, Paved, Parking Lot, Private, Side By Side
Property
Single building, Resale, Topography: Level
Sewer
Municipal Utility District
Taxes
Year: 2025
Utilities
Cable Available, Electricity Connected, High Speed Internet Available, Phone Available, Sewer Connected, Underground Utilities, Water Connected
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