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2821 W Whitestone Blvd, Cedar Park, Texas 78613

2821 W Whitestone Blvd space for

Last Updated: 10/13/2019
Property Type:Building
Listing Type:Sale
Size:4,840 SF
Price:$5,430,357.00
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2821 W Whitestone Blvd - Image 1

Listing Overview

Listing Description

Brand New Construction Corporate Sale Leaseback — Brand new 15-year Absolute NNN Lease | High-Quality Development — 2019 Generation 3 QuikTrip Store | Scheduled Rental Increases — Lease features Ten (10) Five (5) Year Options with fixed rental increases that provide a major hedge against inflation | Ideal 1031 Exchange Property — Offers a potential investor a very passive net lease investment | Offered For Sale At Development Cost — The property is being sold at development cost, not to make a profit, like most net leased investment opportunities. This provides an additional layer of security for a future landlord as the tenant is not assigning a rent that is unsustainable to make a profit on the sale. | Accelerated Depreciation Opportunity – Subject property gives a future landlord the ability to utilize accelerated depreciation to receive significantly higher after-tax cash flow on this property than other net lease investments (See page 7) | Top MSA (Austin, TX) — Corner location in the fastest-growing large city in the country in Austin, TX. | Top Austin Submarket — Cedar Park was recently ranked in as the #6 top city for families in the entire country | Robust Population Growth — Population within a 3-mile radius has grown 33.44% over the last 8 years and is expected to grow an additional 17.00% over the next 5 years | Affluent Demographics — Average Incomes within a 3-mile radius is $113,382 | Strategic Highway Intersection Location — The property has been strategically built on the intersection of Whitestone (FM 1431) and New Hope Dr, two of the main thoroughfares through Austin. | Ideally Positioned Highway Access — Property is situated on FM 1431 which becomes RM 1431 and serves as the main access point to Austin, Texas f rom rural areas of Central Texas. | Major Retail Corridor Access Point — Store is situated on street that directly leads to city’s main retail corridor which features a lineup of national tenants such as Walmart, Target, Costco, The Home Depot, HEB Grocery, Academy Sports, Hobby Lobby, McDonald’s, Wendy’s, and USPS, amongst many others. | 12th Largest Convenience Store Chain — QuikTrip is one of the fastest growing convenience store chains in the country and currently operates 780+ stores across multiple states. | 28th Largest Private Company — QuikTrip was recently ranked by Forbes as the 28th largest private company with over $11 Billion in Revenue. | Private Credit Rating of NAIC2 — Equivalent to S&P BBB+ (Investment Grade Credit) | Top Tier Retailer — First gas retailer to earn a “Top Tier” rating f rom GM, BMW, Honda, VW, Audi, & Toyota

Listing Details

Property Type:Building
Listing Type:Sale
Size:4,840 SF
Price:$5,430,357.00
Lease Term:15+ Year
Floor Number:None

Building Overview

Building Details

Primary Use:
Year Built:2019
Class:
Size:4,840 SF

Location

2821 W Whitestone Blvd, Cedar Park, Texas 78613

Contact

Michael Moreno

AVP & Director

michael.moreno@matthews.com

Direct: 949-432-4511

Listing Inquiry