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Freedom Orthodontics 2005 N Lakeline Blvd 6,573 SF 100% Leased Office Building Cedar Park, TX 78613 $3,150,000 ($479.23/SF) 6.23% Cap Rate
INVESTMENT HIGHLIGHTS
- STABILIZED MEDICAL OFFICE BUILDING - NNN INVESTMENT
- STRATEGIC LOCATION NEAR PATIENT BASES
- MINIMAL LANDLORD RESPONSIBILITIES
- LONG-TERM LEASES WITH RENEWAL OPTIONS
- EXCELLENT VISIBILITY (SIGNALIZED HARD CORNER)
EXECUTIVE SUMMARY
Turnkey, stabilized medical office investment in the heart of the high-growth Cedar Park/Leander corridor. With a compelling 6.62% average cap rate 5/1/26-4/31/31, the property delivers durable cash flow supported by 5+ year term NNN leases underwritten by strong guarantors, and aggressive scheduled rent growth (historically exceeding 3% annually).
The 6,573 SF asset was constructed in 2018 on a highly visible 1+ AC hard corner traveled by 18K+ vehicles daily. It is 100% leased to two established medical practices, a leading rheumatology group and a high-performing orthodontics practice, each with 5+ year terms. Both tenants benefit from proximity to dense residential neighborhoods, top-rated schools, senior housing, and a robust patient base, reinforcing long-term tenancy and demand.
Predictable income with built-in growth, well-established medical tenants, and strong fundamentals in a market widely recognized as one of the best places to live and invest in Texas.
The 6,573 SF asset was constructed in 2018 on a highly visible 1+ AC hard corner traveled by 18K+ vehicles daily. It is 100% leased to two established medical practices, a leading rheumatology group and a high-performing orthodontics practice, each with 5+ year terms. Both tenants benefit from proximity to dense residential neighborhoods, top-rated schools, senior housing, and a robust patient base, reinforcing long-term tenancy and demand.
Predictable income with built-in growth, well-established medical tenants, and strong fundamentals in a market widely recognized as one of the best places to live and invest in Texas.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,573 SF
Building Class
B
Year Built
2018
Price
$3,150,000
Price Per SF
$479.23
Cap Rate
6.23%
NOI
$196,237
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,573 SF
Building FAR
0.14
Lot Size
1.05 AC
Zoning
C - Commercial
Parking
33 Spaces (5.02 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | R437250 | Improvements Assessment | $2,188,109 |
| Land Assessment | $561,891 | Total Assessment | $2,750,000 |
PROPERTY TAXES
Parcel Number
R437250
Land Assessment
$561,891
Improvements Assessment
$2,188,109
Total Assessment
$2,750,000
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Freedom Orthodontics | 2005 N Lakeline Blvd
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