512-637-5528
13917 W Hwy 71, Bee Cave, TX for Sale
Medical - FOR SALE
1/5
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13917 W Hwy 71
Bee Cave, TX 78738


HIGHLIGHTS

  • 100% Leased to Two Medical Tenants on Long Term Leases
  • Anchored by Texas Children's Pediatrics (50% NRA) with 7 Years of Remaining Term
  • Complementary Pediatric Dental Co-Tenant with 9 Years of Remaining Term
  • 8+ Year WALT Providing Stabilized and Secured Cash Flows
  • Exceptional Demographics in Path of Growth in West Austin
  • Located in the Heart of Bee Cave in Proximity to 2M SF Class A Retail

OVERVIEW

Cushman & Wakefield’s Central Texas Private Capital Group is pleased to present to the market the Texas Children’s Pediatrics West Austin Portfolio, a three property medical office portfolio located in the high growth West Austin suburbs of Bee Cave, Spicewood, and Dripping Springs. The Dripping Springs location is under contract but the Bee Cave and Spicewood locations are available. The two tenant properties are fully leased and anchored by Texas Children’s Pediatrics (Fitch: AA-), formerly Beansprout Pediatrics, who occupy 54% of the portfolio with lease terms through September 2032 (+/- 7 years). The properties benefit from complementary pediatric co-tenants with Bee Cave Family Dentistry at the Bee Cave location and Kite Strings Pediatric Therapy at the Spicewood location. The portfolio offers a weighted average lease term of ±6 years providing stability and secure cash flows from a high retention medical tenant base in the path of growth in West Austin. The properties are being offered on an individual or portfolio basis providing a scalable opportunity in multiple high demographic Austin submarkets. Please reach out to a team member to learn more about this opportunity.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Children's Bee Cave

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

541257

ASK ABOUT THIS PROPERTY

Travis CrowCushman & WakefieldMore Info
512-637-5528

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Travis CrowCushman & WakefieldMore Info
512-637-5528

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.