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18817 N Heatherwilde Blvd
Pflugerville, TX 78660
Retail Property For Sale
Investment Highlights
- Fully Stabilized With Long-Term Leases
- Prime Location with High Visibility and Dedicated Turn Lane at Property Entrance
- Thriving Area With Desirable Demographics
- Regional Coffee Shop on New Lease for End Cap With Drive-Through
- Strong Daytime Employment (24,500+ in 3-Mile Radius) and Foot Traffic from Adjacent Schools
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire Heatherwilde Center, a fully stabilized, 14,455-square-foot retail center. This three-tenant property is strategically located along Heatherwilde Boulevard in Pflugerville, one of the fastest-growing submarkets in the Austin MSA. The center is anchored by a high-quality medical tenancy mix representing approximately 84 percent of leased space, providing durable, needs-based cash flow, and is complemented by a newly executed lease with a regional coffee operator that enhances daily traffic and consumer draw. The property is well-positioned to serve nearby schools, established residential neighborhoods, and a growing employment base along the TX-45 and Highway 130 corridor, benefiting from consistent daytime population and long-term demographic tailwinds.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
14,455 SF
Building Class
B
Year Built
2020
Price
$7,000,000
Price Per SF
$484.26
Cap Rate
6.16%
NOI
$431,151
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
2.17 AC
Parking
50 Spaces (3.46 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 921618 | Improvements Assessment | $4,097,804 |
| Land Assessment | $1,402,196 | Total Assessment | $5,500,000 |
Property Taxes
Parcel Number
921618
Land Assessment
$1,402,196
Improvements Assessment
$4,097,804
Total Assessment
$5,500,000
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