925 Starwood Dr

Cedar Park, TX 78613

Listing ID: 160218
Call for Pricing
For Sale
  • Lot Size Acres 1.720
  • Building Sq Ft 10,428
  • Land Sq Ft 74,923
Description

OVERVIEW

For more than 25 years, Texan Eye has provided cataract surgery, LASIK, and ophthalmology services for residents of Central Texas. In fact, more Central Texans choose Texan Eye for their vision needs than any other practice in the region.


Their experienced providers have made Texan Eye the vision treatment and correction practice of choice in Austin as well as Cedar Park. Among a variety of surgical treatments for cataracts, glaucoma, and other vision problems, they also have the most experienced LASIK surgeons in Central Texas. Their LASIK eye surgeons utilize the most sophisticated refractive surgery techniques available.


Texan Eye currently has 25 ophthalmologists and optometrists serving Central Austin. Several of our eye surgeons are recognized nationally and internationally as leaders in the field of cataract and refractive surgery, and all of our doctors have received advanced training.


Texan Eye offers a full profile of eye services at our Austin and Cedar Park offices.


FEATURES

  • Stable Cash Flow

  • Long-Term NNN Lease

  • Numerous Nearby Amenities Within Walking Distance

  • Near High-Income Neighborhoods

  • Situated Along FM 1431 Corridor


PROPERTY
Property Type
Office
Sub-Type
Medical Office
RBA (sf)
10428
Floors
1
Year Built
2016
Tenancy
Single
Class
A
Construction
Masonry
Parking Type
Surface
Parking Spaces
60
Parking Ratio
5.7
Land Area (ac)
1.72
Zoning
Medical Office
ABN / Parcel ID
R526303
DETAILS

Asterra Properties is pleased to present this 10,428 SF, 100% leased Class A medical office building in one of the fastest growing suburbs of Austin in Cedar Park. The property is occupied by Texan Eye (the preferred Opthamology provider in central Texas) and has 6 years remaining on a 10 year absolute NNN lease with 2 (five year) renewal options. The tenant is responsible for the payment of taxes, insurance, utilities, repairs, maintenance, including the roof, parking, and structure, leaving minimal landlord responsibilities.


This is a rare opportunity to own a long term NNN investment in one of the fastest growing areas in the United States and offers phenomenal access to numerous new shopping and dining establishments. Cedar Park is 14 minutes from the Domain (Austin’s second downtown) and 22 minutes from Downtown Austin and has an abundance of new medical and retail developments in the works.


Sale Type
Investment
Price
Contact For Pricing
Cap Rate
5.5
Occupancy
100%
Attachments & Files
Location & Directions
Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile Radius 3-Mile Radius 5-Mile Radius
Total Population8,27272,451179,478
Population Median Age323334
Population by Age0-9 Yrs14721156327437
10-19 Yrs12351179228716
20-29 Yrs900791219054
30-39 Yrs16581278831132
40-49 Yrs13211237930656
50-59 Yrs880777420604
60-69 Yrs416459512032
70+ Yrs38936489848
Median HH Income$105,578$94,825$97,773
Total Household Income< 24K14318783957
25-49K30933928743
50-74K31636999248
75-99K42232468011
100-199K1076844722074
200K+30124266459
Highest Education LevelNo Diploma23124315338
Diploma or GED959805618225
Some College10951039025113
Assoc. Degree40838499819
Bachelors Degree16981425037632
Higher Degree832688419009
Total Housing Units2,62024,45261,945
--Owner-Occupied1,61115,65840,186
--Renter-Occupied9567,43018,306
Owner-Occupied Values< 100K703711004
100-199K26739328356
200-299K796605114837
300-399K33328579133
400-499K10214754178
500K+429722678
Total Working Age Population5,96753,142132,884
In Work Force4,53738,79696,510
Not In Work Force1,43114,34636,374
Workforce Employed4,47737,32192,235
Workforce Unemployed591,4004,061
Civlian Workforce4,53738,72196,297
Military Workforce074213
Total Households2,56723,08858,492
Family Households1,89617,23843,152
Non-Family Households6715,85015,340
Married Couple1,56914,04735,356
Other Family3273,1907,796
Married w/Child9998,23920,202
Single Male w/Child474251,239
Single Female w/Child1781,7403,871

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
Travis County812,280+261,024,266+261,291,502+191,540,812
Williamson County249,967+69422,679+40589,914+41830,421

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Agent
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Reid Gilbreath

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