Shops at Lakeline

Price: $9,000,000
Sq. Ft.: 22,443
Cap Rate: 6.02%
Pro Forma Cap Rate: 6.63%
Built: 2015
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The Shops at Lakeline is a 22,443-square-foot, multi-tenant retail center located in a dense residential area of Cedar Park, Texas. Constructed in 2015, the center is situated on 1.90 acres and is comprised of three multi-tenant buildings.¬† The center is 100 percent occupied, and current rents are twenty percent below market. All leases are triple-net with scheduled rent increases.¬†Tenants are a complementary mix of restaurants and service-oriented businesses, including Domino’s Pizza, Moonshine Sunrise, Cedar Park Dental, Beauty Triq Hair Salon, VCA Animal Hospital, Lakeline Nails and Spa, Champion Taekwondo, The Fancy Group, Couture Gypsy, Soccer Pups, and Smoker’s Abbey.

The Shops at Lakeline has a double-sided monument sign positioned at the frontage road entrance providing great visibility to the center. Lakeline Boulevard exceeds over 19,769 vehicles per day. Located in a dense residential neighborhood, the population is approximately 85,339 residents within a three-mile radius and 175,132 residents within a five-mile radius. Surrounding demographics are strong with an average household income of $139,738 within one mile, $122,636 within three miles and $123,374 within five miles. The subject property is within a few miles of a dense retail corridor with many national and regional retailers including Walmart Supercenter, H-E-B, Big Lots, Harbor Freight Tools, Target, Costco, Chick-fil-A, and In-N-Out.

  • 22,443-Square-Foot, Multi-Tenant Retail Center Located in a High-Growth Suburb of Austin, Texas
  • Fully Stabilized | 100% Occupied | All Leases are Triple-Net and Include Scheduled Rent Increases | Steady Year over Year Income Growth Due to Scheduled Rent Bumps
  • Situated on 1.90 Acres | Comprised of Three Multi-Tenant Buildings
  • Tenant Base is a Complementary Mix of Restaurants and Service-Oriented Businesses Including Domino’s Pizza, Moonshine Sunrise, Cedar Park Dental, Beauty Triq Hair Salon, VCA Animal Hospital, Lakeline Nails and Spa, Champion Taekwondo, The Fancy Group, Couture Gypsy, Soccer Pups, and Smoker’s Abbey.
  • Highly Visible, Double-Sided Monument Sign Positioned at the Frontage Road Entrance on Lakeline Boulevard | Optimal Access from Both North and South Bound Traffic | Traffic Counts Exceed 19,769 Vehicles per Day
  • Desirable Demographics | Dense Residential and Highly Affluent Area with Approximately 175,132 Residents Within a Five-Mile Radius | The Average Household Income is Approximately $139,738 within a One-Mile Radius; $122,636 within a Three-Mile Radius; and $123,374 within a Five-Mile Radius
  • In Close Proximity to a Dense Retail Corridor with Many National and Regional Retailers Including Walmart Supercenter, H-E-B, Big Lots, Harbor Freight Tools, Target, Costco, Chick-fil-A, In-N-Out, and Many Others
  • Cedar Park is Situated on the Northern Border of Austin | Recently Ranked in the Top Fastest-Growing Cities in the Country