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Havertys Furniture 11091 Pecan Park Blvd 53,105 SF Retail Building Cedar Park, TX 78613 $6,744,000 ($126.99/SF) 7.53% Cap Rate
Investment Highlights
- The lease expires 8/31/32 and includes one remaining 5-year option, with the tenant responsible for roof and structure under an absolute net structure
- The property is positioned within the Lakeline Mall complex alongside Macy’s and JCPenney and near Target, H-E-B, and Alamo Drafthouse
- Affluent trade area with $158,534 average household income (Five-Mile Radius)
- 25+ year operating history | Recently exercised option with six percent rent Increase scheduled for September 2027
- The property’s roof was replaced by Havertys in 2021 and is covered by a 20-year GAF warranty expiring November 12, 2041, providing long-term coverage
- Austin projected to be among the top 10 US markets for retail sales growth in 2026, supported by population growth over 2.4% annually and low vacancy
Executive Summary
25+ Year Operating History | Recently Exercised Option Demonstrating Continued Commitment to the Site
Also Available: Havertys at 8600 SW 34th Ave, Amarillo, TX 79121
Also Available: Havertys at 8600 SW 34th Ave, Amarillo, TX 79121
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Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Building Size
53,105 SF
Building Class
C
Year Built
2000
Price
$6,744,000
Price Per SF
$126.99
Cap Rate
7.53%
NOI
$508,100
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.23
Lot Size
5.27 AC
Zoning
GR, Austin - General Residential or General Retail
Parking
172 Spaces (3.24 Spaces per 1,000 SF Leased)
Frontage
861’ on Pecan Park Blvd
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R355986 | Improvements Assessment | $1,143,557 |
| Land Assessment | $5,206,443 | Total Assessment | $6,350,000 |
Property Taxes
Parcel Number
R355986
Land Assessment
$5,206,443
Improvements Assessment
$1,143,557
Total Assessment
$6,350,000
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