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29150492
29150493

11651 W Parmer Ln, Cedar Park, TX 78613

RM
TX TX 742422
Partners - Austin
Partners
CW
TX, TX 743487
Partners
Listed by Partners - Austin, Partners
$7,950,000
149 days on market
Updated 37 days ago

Dual Tenant Net Leased Investment

Details
Property Type Office, Retail
Sub Type Day Care/Nursery, Medical Office
Square Footage 20,623
Cap Rate 7.26%
NOI $576,883
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $385
Class B
Year Built 2007
Year Renovated 2022
Buildings 2
Investment Type Net Lease

DIVERSE INCOME STREAM | PRIME LOCATION

Marketing description

Partners Real Estate is pleased to present a dual-tenant net leased investment in Cedar Park, TX, offering a diverse income stream with speech and auditory therapy for children and event space backed by top-tier credit tenants. Situated on a large 3.113-acre parcel with prime frontage on Parmer Lane, this 100% occupied property features staggered lease terms with annual increases, ensuring long-term income stability. The 20,623 SF rentable area, split between two buildings (11,612 SF & 9,011 SF), benefits from a weighted average lease term of 94 months and a net operating income of $576,833.10, with an average rental rate of $27.58/SF. Built in 2007 and renovated in 2022, this well-maintained asset presents an exceptional investment opportunity in a growing market.

Listing Contacts

RM
TX TX 742422
Partners - Austin
Partners
CW
TX, TX 743487
Partners
Listed by Partners - Austin, Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$576,883.00
$48,073.58/mo

Valuation Metrics

0
DSCR
7.26%
Cap Rate
7.26%
ROI

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Additional Information

Name
Ryan McCullough, SIOR
License
TX 742422
Brokerage Phone
512-580-6224
Brokerage Address
901 S Mopac Expwy
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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