1905 East Whitestone Boulevard
Cedar Park, TX
Price:
$5,000,000
Cap Rate:
5.00%
NOI:
$250,000
Building Size:
Approx. 3,437 Sq. Ft.
Lot Size:
Approx. 1.424 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2023
Investment Overview
- 2023 Construction. 3,437+/- SF Building on 1.424+/- Acre Site
- Brand New 15 Year Ground Lease w/ 2% Annual Rent Increases and (4) 5-Year Options to Renew
- Subject Property is a New Construction Building with a Double Lane Drive-Thru
- High-Traffic Location Directly Off of E Whitestone Blvd (54,450 VPD) Near Intersection w/ 183A (137,733 Combined VPD)
- Located 1 Mile From Target Anchored Shopping Center w/ Retailers Including Academy, Freddy’s, Hobby Lobby, Chick-fil-A, & More
- Strong Income Demographics w/in Immediate Trade Area – Over $126,000 HH Income w/in 5 Miles of Property
- Shake Shack is one of the Fastest Growing Food Chains in the US – 440 Locations w/ $900M Revenue in 2022
- Cedar Park | Located w/in the Austin MSA | Population: 235,000 w/in 5-Mile Radius