2005 N Lakeline Boulevard
Cedar Park, TX 78613
$3,150,000
6,573 sqft
Description
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.
Location
Schools
| School Name | Grades | Admission |
|---|---|---|
| Knowles Elementary School | EE - 5 | Regular |
| Leander High School | 9 - 12 | Regular |
| Running Brushy Middle School | 6 - 8 | Regular |
| 3 Schools | ||
*All school information should be verified by local Independent School District.
* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.
The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.