Miscellaneous
Havertys Furniture (Absolute Net Lease)
11091 Pecan Park Rd, Cedar Park, TX 78613
Listing Price: $6,744,000
Investment Overview
Offered for sale is an absolute net lease Havertys Furniture located in Cedar Park (Austin), Texas. The 53,105-square-foot building sits on 5.27 acres near Lakeline Mall and is positioned within a dominant regional retail cluster alongside Macy’s and JCPenney with proximity to Target, H-E-B, and Alamo Drafthouse, offering exposure and below-market in-place rent of $9.57/SF. The tenant has operated at this location for more than 25 years and recently exercised an option, demonstrating continued commitment to the site, with a lease that includes one remaining five-year option and tenant responsibility for roof and structure. The property is located at a signalized hard corner with combined 16,267 VPD and direct access to TX-183 (115,175 VPD), serving as a primary access point into Lakeline Mall.
Havertys Furniture (Absolute Net Lease)
Investment Highlights
- Absolute Net Lease With 6.3 Years Remaining
- 25+ Year Operating History | Recently Exercised Option With Six Percent Rent Increase Scheduled for September 2027
- Signalized Hard Corner With Combined 16,267 VPD and Direct Access to TX-183 (115,175 VPD)
- 53,105 SF Building on 5.27 Acres Near Lakeline Mall at Below-Market Rent of $9.57/SF
- Roof Replaced in 2021 | Warranty Through November 2041
- Affluent Trade Area With $158,534 Average Household Income (Five-Mile Radius)
- 235,051 Residents and 211,408 Daytime Population (Five-Mile Radius)
- 1,751+ Multifamily Units Within Immediate Trade Area Supporting Daily Traffic
Exclusively Listed By
Listing Price: $6,744,000
Investment Highlights
- Absolute Net Lease With 6.3 Years Remaining
- 25+ Year Operating History | Recently Exercised Option With Six Percent Rent Increase Scheduled for September 2027
- Signalized Hard Corner With Combined 16,267 VPD and Direct Access to TX-183 (115,175 VPD)
- 53,105 SF Building on 5.27 Acres Near Lakeline Mall at Below-Market Rent of $9.57/SF
- Roof Replaced in 2021 | Warranty Through November 2041
- Affluent Trade Area With $158,534 Average Household Income (Five-Mile Radius)
- 235,051 Residents and 211,408 Daytime Population (Five-Mile Radius)
- 1,751+ Multifamily Units Within Immediate Trade Area Supporting Daily Traffic
Investment Overview
Offered for sale is an absolute net lease Havertys Furniture located in Cedar Park (Austin), Texas. The 53,105-square-foot building sits on 5.27 acres near Lakeline Mall and is positioned within a dominant regional retail cluster alongside Macy’s and JCPenney with proximity to Target, H-E-B, and Alamo Drafthouse, offering exposure and below-market in-place rent of $9.57/SF. The tenant has operated at this location for more than 25 years and recently exercised an option, demonstrating continued commitment to the site, with a lease that includes one remaining five-year option and tenant responsibility for roof and structure. The property is located at a signalized hard corner with combined 16,267 VPD and direct access to TX-183 (115,175 VPD), serving as a primary access point into Lakeline Mall.
Exclusively Listed By
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