Heatherwilde Center
100% Occupied | Prime Location | 6.37% CAP | 14,455 SqFt
Marketing description
Heatherwilde Center is a fully stabilized, 14,455-square-foot retail center located in Pflugerville, Texas. The building is newer 2020 construction featuring a modern, multi-tenant layout that is well-suited for a variety of tenants, positioned on a 2.146-acre lot with ample parking. The asset is currently 100 percent leased to three tenants, including Swish Dental, CenTex Injury & Workers' Comp, and Mocha House. With 84 percent of the space occupied by medical tenants, the property benefits from stable, long-term triple-net leases that include annual rent increases. Mocha House executed a new seven-year lease for the end cap suite, which features a drive-through window.
Strategically positioned along high-growth Heatherwilde Boulevard in Pflugerville, one of Central Texas’s fastest-expanding suburban markets, this retail property benefits from strong regional traffic and dynamic area growth. The site sits within a well-established residential corridor with elevated daily traffic counts on Heatherwilde Boulevard and nearby TX-45 Toll, providing excellent visibility and consumer exposure. Major mixed-use and residential developments such as the 420-acre Lakeside Meadows project and 130 Crossing office/industrial development are advancing just south of Highway 130, driving both daytime and resident spending power within minutes of the property.
Investment highlights
FULLY STABILIZED WITH LONG-TERM LEASES | 84% OF GLA IS MEDICAL
Heatherwilde Center is fully stabilized with 100 percent occupancy. The center is leased to service-based tenants, with 84 percent of the GLA occupied by medical tenants. Each lease includes annual rent increases, ensuring steady cash flow and long-term value.
REGIONAL COFFEE SHOP ON NEW LEASE FOR END CAP WITH DRIVE-THROUGH
Landlord recently executed a new seven-year lease with a growing regional coffee house for the north end-cap suite, which features a drive-through for added convenience.
PRIME LOCATION WITH HIGH VISIBILITY AND DEDICATED TURN LANE AT PROPERTY ENTRANCE
Positioned on Heatherwilde Boulevard, a major four-lane arterial connecting to key regional routes including TX-45 and Highway 130, providing high visibility and strong commuter traffic flow from Round Rock, Austin and the northern Austin suburbs.
STRONG DAYTIME EMPLOYMENT (24,500+ IN 3-MILE RADIUS) AND FOOT TRAFFIC FROM ADJACENT SCHOOLS
The property benefits from its strategic location in front of Highland Park Elementary School (student population of 650+), adjacent to Endeavor Montessori, and near Cedar Ridge High School (2,789 students). Notable nearby distribution centers providing large employment numbers include The Home Depot, Costco Logistics, Amazon, UPS Distribution Center, and more. Dell Technologies Headquarters is less than four miles.
THRIVING AREA WITH DESIRABLE DEMOGRAPHICS
The surrounding region benefits from high population growth, with a well-educated and affluent consumer base. With an average household income exceeding $123,265 within a three-mile radius, the property is well-positioned to attract tenants and customers from the surrounding affluent community.
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