1890 Ranch — Sale in Cedar Park, TX

  • Price: $167K
  • Listing type: For sale
  • Asset type: Business
  • Location: Cedar Park, TX 78613
  • Size: 441,620 SF
  • Year built: 2008

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the rare opportunity to acquire 1890 Ranch (“the Property”), a best-in-class retail destination consisting of 441,620 SF of quality anchor and shop space, represented by an exceptional line up of national retailers including Super Target (NAP), Hobby Lobby (NAP), Ross, Academy, Natural Grocers, Burlington, PetSmart, and more. Located in Austin, Texas’ rapidly growing Northwest suburb, Cedar Park, the Property serves a vast and growing trade area consisting of 220,379 people with an avg. HH income of $166,740 within a 5-mile radius. Moreover, 1890 Ranch possesses future optionality and placemaking opportunities; the property’s west-central block can be redeveloped with minimal existing tenant complications. Additionally, an investor can lower its basis by selling the separately parceled Academy and Ross. The Property’s irreplaceable location, future optionality, and complementary tenancy coupled with Austin’s explosive growth provide investors with a unique opportunity to invest in the booming Northwest Austin market at well below replacement cost. 1890 Ranch presents investors the unique opportunity to acquire one of the state’s most highly trafficked shopping destinations, boasting incredibly resilient historical occupancy at or just below 100%, with strong near-term growth potential via mark-to-market opportunities and a 3.2%+ CAGR.

Market Context

This commercial property in Cedar Park, TX is listed for sale at $166,740 across 441,620 SF. The building dates to 2008. It has been on the market for 82 days. Compare it against other commercial property listings for sale in Cedar Park, TX — view the full market.

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