Offers due - 6.61% avg cap rate Medical in Cedar Park
Medical Office Building - 100% NNN Leased - Cedar Park
Marketing 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.
Investment highlights
6.62% AVERAGE CAP RATE (MAY 1, 2026 - APRIL 30, 2031)
STABILIZED MEDICAL OFFICE BUILDING - NNN INVESTMENT
LONG-TERM LEASES WITH RENEWAL OPTIONS
STRATEGIC LOCATION NEAR PATIENT BASES
EXCELLENT VISIBILITY ON A SIGNALIZED HARD CORNER
18,000 VEHICLES/DAY
MINIMAL LANDLORD RESPONSIBILITIES
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