Marcus & Millichap is pleased to present the opportunity to acquire a value-add 9,917-square-foot, multi-tenant retail plaza located in the Austin, TX MSA. The center is 100 percent occupied, with all triple-net leases. The property includes a complementary mix of retail, service-oriented businesses, and restaurants. All original tenants with 42 percent of the rent roll have exercised recent renewals and have attractive rent bumps to hedge against inflation. The property was built in 2018 and features a modern facade.
Crystal Falls Parkway Retail Center is located at the signalized intersection of Lakeline Blvd and Crystal Falls Pkwy. Traffic counts on Crystal Falls Pkwy is 14,342 vehicles per day and 17,666 vehicles per day on Lakeline Blvd.
The property is a shadow anchor to the third-highest performing Randalls Grocer in the United States. It is surrounded by other national retail tenants such as Starbucks, Orangetheory Fitness, and The UPS Store. Cedar Park Regional Emergency Center, an affiliate of Cedar Park Regional Medical Center, is located across the street and open 24/7. They see about 6,000 patients per year.
- 9,917-Square-Foot Retail Center | 100% Occupied | Triple-Net Leases
- All Original Tenant Mix | 42% Of Rent Roll Exercised Recent Renewals | Attractive Rent Bumps to Hedge Against Inflation
- Irreplaceable Location on the Hard Signalized Corner of Crystal Falls Pkwy & Lakeline Blvd | Newer 2018 Construction Featuring a Modern Facade
- Shadow Anchored to a Top 3 Performing Randalls Grocer | Surrounded by National Retailers Such as Starbucks, Orangetheory, UPS, and More | Across the Street from Cedar Park Regional Emergency Center | More than 6,000 Patients Per Year | Open 24/7
- Highly Affluent Surrounding Area | Average Household Income for the City of Leander is $157,371
- Nebraska Furniture Mart Anchored Retail Plaza | 1.2 Million Square-Feet Retail and Warehouse Space | 30,000-Square-Foot Convention Center | Over 250 Room, Full-Service Hotel
- City of Leander Has an Impressive 8% Annual Population Growth Rate | Projected to have 157,000 Residents Within 5-Miles by 2028
- Part of the Great Austin Metropolitan Area | Located just 10 Miles Northwest of Downtown Austin
- Northline Development | 116-Acre Mixed-Use Project Creating Leander’s New Downtown District | 17-Acre Retail Phase Currently Under Construction (Led by Endeavor Real Estate Group) | Full Buildout Expected by 2031
- 65-Acre Mixed-Use Development On Crystal Falls Parkway | 350-Unit Apartment Complex | New Retail Plaza including QuikTrip, Southside Market & Barbeque, and Culver’s
- Leander Union is a $48 Million Mixed-Use Development | 155,000-Square-Feet of Retail Space Across 10 Buildings | Set to be Completed Q4 2025
- Leander Tech Park | 50-Acre Business Park Development | 270,000-Square-Feet of Mixed-Use Space | First Phase Completing Q3 2025
