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Hill Country Water Gardens & Nursery 1407 N Bell Blvd 2,752 SF 100% Leased Retail Building Cedar Park, TX 78613 $7,414,686 CAD ($2,694.29 CAD/SF) 7.11% Cap Rate
Investment Highlights
- New 5-Year Absolute NNN Lease | No Options | Income & Future Repositioning
- North Bell Boulevard Location (46,298 VPD) Near Whitestone Boulevard (41,975 VPD)
- Dense and Affluent 5-Mile Trade Area | 198,890 Residents | $160,580 Avg HH Income
- 5.15-Acre US-183 Corridor Parcel | One of the Few Remaining Large-Scale Sites
- Positioned Between Nebraska Furniture Mart Development and The Bell District
- Easy Access to 183A Toll, SH-45, SH-130 & I-35
Executive Summary
Offered for sale is a 5.15-acre corridor site positioned along North Bell Boulevard (US-183) in Cedar Park, one of the most rapidly expanding submarkets within the Austin MSA. The parcel represents one of the limited remaining large-scale tracts along this primary commercial artery, where continued mixed-use, residential, and retail densification is actively reshaping the corridor. The property is secured by a newly executed 5-year absolute net lease commencing at close of escrow, featuring 2% annual rent increases. The lease structure provides defined near-term contractual income with no landlord responsibilities, allowing an investor to recapture a portion of basis during the lease term while evaluating long-term redevelopment or repositioning strategies. The scale of the site, combined with its frontage along US-183, provides flexibility within a high-growth environment where comparable large parcels are increasingly limited.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
2,752 SF
Year Built/Renovated
1950/2023
Price
$7,414,686 CAD
Price Per SF
$2,694.29 CAD
Cap Rate
7.11%
NOI
$527,267 CAD
Percent Leased
100%
Building Height
1 Story
Nearby Major Retailers
Property Taxes
| Parcel Number | R031813 | Improvements Assessment | $303,287 CAD |
| Land Assessment | $1,615,356 CAD | Total Assessment | $1,918,643 CAD |
Property Taxes
Parcel Number
R031813
Land Assessment
$1,615,356 CAD
Improvements Assessment
$303,287 CAD
Total Assessment
$1,918,643 CAD
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Hill Country Water Gardens & Nursery | 1407 N Bell Blvd
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