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30859339
30859340

1407 N Bell Blvd, Cedar Park, TX 78613

JB
736919
Marcus & Millichap - Austin
VK
TX 0579633
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Austin, Marcus & Millichap - Dallas
$5,400,000
93 days on market
Updated 71 days ago

Hill Country Water Gardens & Nursery

Details
Property Type Retail
Sub Type Garden
Square Footage 2,752
Net Rentable (SqFt) 2,752
Cap Rate 7.11%
NOI $384,000
Occupancy 100%
Tenancy Single
Brand/Tenant Hill Country Water Gardens & Nursery
Lease Type Absolute NNN
Lease Term 5
Remaining Term 5
Rent Bumps Yes
Lease Options None
Broker Co-Op Yes
Year Built 1950
Year Renovated 2023
Acreage 5.150
Investment Type Net Lease
Ground Lease No

Easy Access to 183A Toll, SH-45, SH-130 & I-35

Marketing description

Offered for sale is a 5.15-acre corridor site positioned along North Bell Boulevard (US-183) in Cedar Park, one of the most rapidly expanding submarkets within the Austin MSA. The parcel represents one of the limited remaining large-scale tracts along this primary commercial artery, where continued mixed-use, residential, and retail densification is actively reshaping the corridor. The property is secured by a newly executed 5-year absolute net lease commencing at close of escrow, featuring 2% annual rent increases. The lease structure provides defined near-term contractual income with no landlord responsibilities, allowing an investor to recapture a portion of basis during the lease term while evaluating long-term redevelopment or repositioning strategies. The scale of the site, combined with its frontage along US-183, provides flexibility within a high-growth environment where comparable large parcels are increasingly limited.

Investment highlights

  • New 5-Year Absolute NNN Lease | No Options | Income & Future Repositioning
  • 5.15-Acre US-183 Corridor Parcel | One of the Few Remaining Large-Scale Sites
  • North Bell Boulevard Location (46,298 VPD) Near Whitestone Boulevard (41,975 VPD)
  • Positioned Between Nebraska Furniture Mart Development and The Bell District
  • Dense and Affluent 5-Mile Trade Area | 198,890 Residents | $160,580 Avg HH Income
  • Easy Access to 183A Toll, SH-45, SH-130 & I-35
  • Hill Country Water Gardens & Nursery | Operating at This Location Since 1999
  • Austin–San Antonio Metro Population Projected to Grow by 3M+ by 2050

Listing Contacts

JB
736919
Marcus & Millichap - Austin
VK
TX 0579633
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Austin, Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$384,000.00
$32,000.00/mo

Valuation Metrics

0
DSCR
7.11%
Cap Rate
7.11%
ROI

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