For Sale
$2,900,000

1801 Clover LnCedar Park, TX 78613

High-return, 10-year NNN lease, Texas.

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity: a 10,580 square foot indoor playground in Cedar Park, Texas, is available for sale with a leaseback. This single-tenant property boasts a 10-year NNN lease with a 10% rent increase at year five and three additional five-year options, ensuring long-term, stable income. The building, constructed in 2018, features a patented, leak-proof design, 35-foot ceilings, an overhead loading door, three-phase 230-amp power, LED lighting, a metal roof, and five restrooms. The property also includes a 1,500 square foot upstairs office space. The HVAC system is 100% new, including a 36-ton unit for the main building and two 2.5-ton units for the office and restrooms. Situated on a 1.74-acre lot at 1801 Clover Ln, Cedar Park, TX 78613, this property offers a compelling 6.86% cap rate and a $274.10 price per square foot, with a current NOI of $198,940. The asking price is $2,900,000. This is a fee-simple sale with cash to the seller, offering a truly passive investment opportunity with zero landlord responsibilities.

Highlights

  • $2,900,000 asking price for a 10,580 SF special purpose property in Cedar Park, TX.
  • 10-year NNN lease with a 10-year remaining term and 100% occupancy.
  • $198,940 NOI and a 6.86% cap rate.
  • Features include 10,580 SF of indoor playground space, 1,500 SF of upstairs office space, and 5 restrooms.
  • The property boasts 35' ceiling height, an overhead loading door, 3-phase power (230 amps), LED lighting, and a metal roof.
  • Includes a 10% rent increase at year 5 and three five-year lease options.

Property Details for 1801 Clover Ln

Property type
Specialty properties
Square Feet
10,580 SF
Year Built
2018
Buildings
1
Lot Size (sq. ft)
75,794 SF

Location Insight

City
Cedar Park
County
Williamson
State
Texas
Latitude
30.5278617
Longitude
-97.8411789
1801 Clover Ln, Cedar Park, Texas

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1801 Clover Ln
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