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Centro Plaza Building 1 - Leander, TX 14300 Ronald Reagan Blvd 8,501 SF 100% Leased Retail Building Cedar Park, TX 78641 $4,935,000 ($580.52/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% occupied new construction (2025) retail shopping center in Leander, TX.
- All tenants on Triple Net (NNN) leases with 3% annual rent escalations, passing through nearly all expenses to the tenants.
- Additional tenants include Williamson County Bagel Company, Farm2Cook, and Dumont Creamery.
- The building has a weighted average lease term (WALT) of 7.5 years.
- Anchored by Sangam Chettinad Restaurant, an Austin-based restaurant group opening its third location in the area, creating significant traffic.
- The site offers great access and visibility on Ronald Reagan Blvd (53,780 VPD).
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively present for sale the 8,501 SF Centro Plaza Building 1, located at 14300 Ronald Reagan Blvd in Leander, TX. This brand-new retail shopping center (built in 2025) is 100% occupied, providing immediate and stable cash flow. All tenants are on full Triple Net (NNN) Leases, with 3% annual rent escalations, passing through nearly all expenses to the tenants and offering a strong hedge against inflation.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,501 SF
Building Class
B
Year Built
2024
Price
$4,935,000
Price Per SF
$580.52
Cap Rate
6%
NOI
$296,116
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
15.00 AC
Zoning
Mixed use development - Building 1 is for Retail, building 6 and 8 are office condos.
Parking
49 Spaces (5.76 Spaces per 1,000 SF Leased)
Frontage
329’ on Ronald Reagan Boulevard
AMENITIES
- 24 Hour Access
- Restaurant
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dumont Creamery
- Retailer
- 1,511 SF
- $33.00
- Triple Net
- Nov 2035
- Farm 2 Cook
- Retailer
- 1,468 SF
- $32.00
- Triple Net
- -
- Sangam Chettinad Indian Restaurant
- Accommodation and Food Services
- 4,241 SF
- $34.00
- Triple Net
- Dec 2034
- Williamson County Bagel Company
- Retailer
- 1,281 SF
- $43.00
- Triple Net
- Dec 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dumont Creamery | Retailer | 1,511 SF | $33.00 | Triple Net | Nov 2035 | |
| Farm 2 Cook | Retailer | 1,468 SF | $32.00 | Triple Net | - | |
| Sangam Chettinad Indian Restaurant | Accommodation and Food Services | 4,241 SF | $34.00 | Triple Net | Dec 2034 | |
| Williamson County Bagel Company | Retailer | 1,281 SF | $43.00 | Triple Net | Dec 2029 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $484,698 | |
| Land Assessment | $8,596,348 | Total Assessment | $9,081,046 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,596,348
Improvements Assessment
$484,698
Total Assessment
$9,081,046
CONTACTS
-
Ethan Offenbecher -
Baker Baine -
Zuhare Rizvon -
Sands Investment Group Austin, LLC
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Centro Plaza Building 1 - Leander, TX | 14300 Ronald Reagan Blvd
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