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11651 W Parmer Lane - Building 1 & 2 2 Retail Properties Offered at $7,950,000 in Cedar Park, TX
Investment Highlights
- Two high-quality tenants with staggered lease terms and annual rent increases, ensuring long-term income stability and growth.
- Situated on a large parcel with excellent frontage along Parmer Lane, the property benefits from strong visibility and accessibility.
- Cedar Park’s rapid population growth and expanding commercial sector, these properties benefit from high visibility and strong tenant demand
- Anchored by a childcare operator and an event space, the property provides a reliable and diverse income stream backed by top-tier tenants.
- dual-tenant net-leased investments present a strong opportunity for investors seeking stable, longterm income.
Executive Summary
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.
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.
Property Facts
| Price | $7,950,000 | Number of Properties | 2 |
| Price / SF | $385.49 / SF | Individually For Sale | 0 |
| Cap Rate | 7.26% | Total Building Size | 20,623 SF |
| Sale Type | Investment | Total Land Area | 6.15 AC |
| Status | Active |
| Price | $7,950,000 |
| Price / SF | $385.49 / SF |
| Cap Rate | 7.26% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,623 SF |
| Total Land Area | 6.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building 1
11651 W Parmer Ln, Cedar Park, TX 78613 |
Retail | 11,612 SF | 2007 | - |
|
Bldg 2
11651 W Parmer Ln, Cedar Park, TX 78613 |
Retail | 9,011 SF | 2007 | - |
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11651 W Parmer Lane - Building 1 & 2
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