Shopping Strip

Bell Boulevard Town Center

Listing Price: $7,000,000

Cap Rate
7.06%
Gross SF
30,748
Rentable SF
30,748
Price/Gross SF
$227.66
Lot Size
2.60 acres
Year Built
1988

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 30,748-square foot, multi-tenant retail center in Cedar Park, Texas. The complementary internet-resistant tenant base is a mix of national and local credit tenants including The Hertz Corporation, The Mat Martial Arts, Satis Hair Salon & Spa, World Finance Loans & Taxes, Metro PCS, Artisan Vapor, Poke & Bowl, Gym Force, Sweet Nails & Spa, Amazing I-Brow & Beauty Salon, Ecuadorian Chocolate, Los Reyes Mexican Restaurant, Hunan Chef, Sistah Sistah Beauty Supply, Sugar Shaker Bakery, LendNation, and iMassage. Bell Boulevard Town Center is currently 96 percent occupied, and 89 percent of the gross leasable area has triple-net leases. The subject property was constructed in 1988, renovated in 2018, and is situated on a 2.645-acre parcel. The subject property is located on the North Bell Boulevard near the signalized intersection of North Bell Boulevard and West Park Drive. Traffic counts exceed 37,800 vehicles per day in front of the property. The center benefits from multiple ingress and egress points. Bell Boulevard Town Center is near many national and regional retailers including Walmart, H-E-B Grocery, Big Lots!, The UPS Store, Costco, At Home, Academy, Hobby Lobby, Target, Cinemark, Dollar Tree, PetSmart, Wendy's, Taco Bell, Papa John's Pizza, and many more. The surrounding area has strong demographics, with a five-mile average household income of approximately $119,723 and the five-mile population exceeding 190,609 residents.

Investment Highlights

  • 30,748-Square Foot, Multi-Tenant Neighborhood Shopping Center
  • 96% Occupied | 89% of the Gross Leasable Area has Triple-Net Leases | Upside Potential
  • Majority of the Tenants have Scheduled Annual Rent Escalations During Their Primary Terms
  • Recent Property Improvements Include New Roof Coating with a 20-Year Warranty, Facade Renovation, New Pylon Sign, and Parking Lot Upgrades
  • Surrounding Area has Excellent Demographics | The Average Household Income Within Five Miles is $115,000 and the Population Exceeds 185,950 Within a Five-Mile Radius

Exclusively Listed By

Shopping Strip

Bell Boulevard Town Center

Listing Price: $7,000,000

Cap Rate
7.06%
Gross SF
30,748
Rentable SF
30,748
Price/Gross SF
$227.66
Lot Size
2.60 acres
Year Built
1988

Investment Highlights

  • 30,748-Square Foot, Multi-Tenant Neighborhood Shopping Center
  • 96% Occupied | 89% of the Gross Leasable Area has Triple-Net Leases | Upside Potential
  • Majority of the Tenants have Scheduled Annual Rent Escalations During Their Primary Terms
  • Recent Property Improvements Include New Roof Coating with a 20-Year Warranty, Facade Renovation, New Pylon Sign, and Parking Lot Upgrades
  • Surrounding Area has Excellent Demographics | The Average Household Income Within Five Miles is $115,000 and the Population Exceeds 185,950 Within a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 30,748-square foot, multi-tenant retail center in Cedar Park, Texas. The complementary internet-resistant tenant base is a mix of national and local credit tenants including The Hertz Corporation, The Mat Martial Arts, Satis Hair Salon & Spa, World Finance Loans & Taxes, Metro PCS, Artisan Vapor, Poke & Bowl, Gym Force, Sweet Nails & Spa, Amazing I-Brow & Beauty Salon, Ecuadorian Chocolate, Los Reyes Mexican Restaurant, Hunan Chef, Sistah Sistah Beauty Supply, Sugar Shaker Bakery, LendNation, and iMassage. Bell Boulevard Town Center is currently 96 percent occupied, and 89 percent of the gross leasable area has triple-net leases. The subject property was constructed in 1988, renovated in 2018, and is situated on a 2.645-acre parcel. The subject property is located on the North Bell Boulevard near the signalized intersection of North Bell Boulevard and West Park Drive. Traffic counts exceed 37,800 vehicles per day in front of the property. The center benefits from multiple ingress and egress points. Bell Boulevard Town Center is near many national and regional retailers including Walmart, H-E-B Grocery, Big Lots!, The UPS Store, Costco, At Home, Academy, Hobby Lobby, Target, Cinemark, Dollar Tree, PetSmart, Wendy's, Taco Bell, Papa John's Pizza, and many more. The surrounding area has strong demographics, with a five-mile average household income of approximately $119,723 and the five-mile population exceeding 190,609 residents.

Exclusively Listed By

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