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1335 E Whitestone Blvd
Cedar Park, TX 78613
Building Q · Retail Property For Sale
Investment Highlights
- Heavy daytime and weekend traffic - located at Main/Main of one of the Austin MSA's major trade areas
- Highway visibility from 183-A
- Retail out-parcel, shadow anchored by 1890 Ranch shopping center (Super Target, Natural Grocers, Cinemark, Hobby Lobby, Academy, Gold's Gym, etc.)
- 100% leased; 15+% below current market rent rates; both leases have scheduled annual rent bumps which will increase the owner's yield as time goes by
- Omnichannel tenants: Salata (87 unit franchised restaurant chain) & Hardwood Bargains (Austin founded, 3 corporate locations + robust online sales)
- Annual Base Rent bumps on BOTH leases = 5.64% CAP by year end 2022; 5.78% CAP by year end 2023; 5.92% CAP by year end 2024; 6.07% CAP by year end 2025
Property Facts
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
B
Year Built
2017
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.00 AC
Zoning
GB - GB zoning - Cedar Park's most general business zoning category for large retail districts that serve the needs of the community and broader region.
Frontage
200’ on Hwy 183-A
Amenities
- Freeway Visibility
Property Taxes
| Parcel Number | R499691 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,879,684 |
Property Taxes
Parcel Number
R499691
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,879,684
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