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.
Property Details
| Status | Active |
| MLS # | ACT214479045 |
| Type | Commercial Sale |
| Year Built | 2017 |
| Stories | 1 |
| Living Area | 6,573 Sq. Ft. |
| Lot Size | 1.05 AC / 45,738 SF |
| County | Williamson |
| Subdivision | Heritage Park Sec 4 |
Property Information
Parking
Utilities & Construction
Directions: New Hope to North Lakeline Blvd, turn North, then turn left into parking lot
Location
Property History
| Date | Event | Price |
|---|---|---|
| Feb 15, 2026 | Listed (Active) · MLS# ACT214479045 | $3,150,000 |
Full transaction history may not be available. Data sourced from ACTRIS MLS.
Public Records
| Total Sq. Ft. | 6,573 |
| Stories | 1 |
| Lot Size | 45,738 Sq. Ft. |
| Style | Commercial Sale |
| County | WILLIAMSON |
| MLS # | ACT214479045 |
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Payment Estimate
For illustrative purposes only. Contact a lender for accurate figures.