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Dual Tenant Net Leased Investment 2 Retail Properties in Cedar Park, TX

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INVESTMENT HIGHLIGHTS

This property features two high-quality tenants with staggered lease terms and annual rent increases, ensuring long-term income stability and growth.
The property benefits from strong visibility and accessibility in the rapidly growing Cedar Park market.

Anchored by a childcare operator and an event space, the property provides a reliable and diverse income stream backed by top-tier tenants.

EXECUTIVE SUMMARY

Partners Real Estate is pleased to present a dual-tenant net leased investment in Cedar Park, TX, offering a diverse income stream with speech and auditory therapy for children and event space backed by top-tier credit tenants. Situated on a large 3.113-acre parcel with prime frontage on Parmer Lane, this 100% occupied property features staggered lease terms with annual increases, ensuring long-term income stability. The 20,623 SF rentable area, split between two buildings (11,612 SF & 9,011 SF), benefits from a weighted average lease term of 104 months and a net operating income of $568,790.84, with an average rental rate of $27.58/SF. Built in 2007 and renovated in 2022, this well-maintained asset presents an exceptional investment opportunity in a growing market.

11651 W Parmer Ln 2025

PROPERTY FACTS

Sale Type	Investment NNN	Individually For Sale	0
Status	Active	Total Building Size	20,623 SF
Number of Properties	2	Total Land Area	6.15 AC

Sale Type	Investment NNN
Status	Active
Number of Properties	2
Individually For Sale	0
Total Building Size	20,623 SF
Total Land Area	6.15 AC

PROPERTIES

PROPERTY NAME / ADDRESS	PROPERTY TYPE	SIZE	YEAR BUILT	INDIVIDUAL PRICE
Bldg 2 11651 W Parmer Ln, Cedar Park, TX 78613	Retail	9,011 SF	2007	-
Building 1 11651 W Parmer Ln, Cedar Park, TX 78613	Retail	11,612 SF	2007	-

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(512) 580-6224

CONTACTS

Ryan McCullough
Kevin Murphy
Carly Smith
Partners

Listing ID: 35095406
Date on Market: 3/11/2025
Last Updated:
Address: Dual Tenant Net Leased Investment, Cedar Park, TX

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