MLS#9004134
STATUSActive
PROPERTY TYPECommercial - Office
SUBDIVISIONHeritage Park
Property 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.
Property Features
Property Type: Commercial - Office
Cooling: Central Air, Heat Pump
Heating: Central, Heat Pump
Lot Size: 1.05 Acres
Stories: 1.0
Taxes: $54,479
Year Built: 2017
Feature Descriptions
Accessibility: Common Area, Accessible Doors, Accessible Entrance, Fully Accessible, Accessible Hallway(s)
Area #: CLN
Building Features: Firewall(s), Multi-User, Open Space, Private Restrooms, Public Restrooms, Sign-Building
Days on Site: 197
Exterior: Concrete, Frame, Glass, Masonry ??? All Sides
Flood Plain: No
Flooring: Carpet, Concrete, Laminate
Parcel#: 17W325304L00010006
Parking: Common, Lighted, On Site, Outside, Parking Lot, Paved, Private, Side By Side
Parking Notes: Common, Lighted, On Site, Outside, Parking Lot, Paved, P
Restrictions: City Restrictions, Deed Restrictions, Zoning
Security: Fire Sprinkler System, Firewall(s), Security Lights
Sewer: Municipal Utility District (MUD)
Topography: Flat
Utilities: Electricity Connected, Internet-Cable, Phone Available, Sewer Connected, Underground Utilities, Water Connected
Water: Municipal Utility District (MUD)
Listed By / Shown By
Listed By
Agency Name: Compass RE Texas, LLC
Agency Contact: (512) 575-3644
Shown By
Agent Name: Gilbert Gracia Jr.
Agent Phone: (512) 825-1591
Agency Title: Realty Capital City
2005 N Lakeline Blvd | MLS# 9004134
This commercial property located at 2005 N Lakeline Blvd, Cedar Park, TX 78613 is currently listed for sale with an asking price of $3,150,000. Search Cedar Park real estate on gilbertg.rmcapitalcity.com today.