1613 E Pflugerville Pky - Medical FOR SALE


Pflugerville, TX 78660
$2,803,000 USD
980-498-3293
1613 E Pflugerville Pky, Pflugerville, TX for Sale
$2,803,000 USD
Medical - FOR SALE
1/3
null | 6.5% Cap Rate

1613 E Pflugerville Pky
Pflugerville, TX 78660


HIGHLIGHTS

  • NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
  • INDUSTRY-LEADING SCALE & MARKET POSITION
  • AUSTIN SUBURB - ONE OF THE NATION’S FASTEST-GROWING MARKETS
  • MEDIAN HOUSEHOLD INCOME OF ~$118,000
  • 140%+ POPULATION GROWTH SINCE 2000
  • AUSTIN MSA

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 3,884-square-foot net leased medical asset located at 1613 East Pflugerville Parkway in Pflugerville, Texas. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 6.2 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options, providing investors with contractual income growth and long-term cash flow visibility. Constructed in 2016 as a purpose-built dental facility, the property occupies a highly visible position along Pflugerville Parkway, which carries approximately 19,600 vehicles per day. The asset benefits from strong surrounding retail fundamentals, including nearby Walmart Supercenter, H-E-B, Aldi, McDonald’s, Chase Bank, Starbucks, and numerous national retailers that drive consistent consumer traffic to the corridor. Located approximately 15 miles northeast of Downtown Austin, Pflugerville is among the fastest-growing and most affluent communities within the Austin MSA and serves as a major residential and commercial hub for northeastern Travis County. Supported by exceptional population growth, household incomes exceeding $131,000 within a three-mile radius, and continued corporate investment throughout the Austin region, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Texas’ strongest suburban growth markets.

FOR SALE DETAILS

PRICE

$2,803,000 USD

PRICE/SF

$764 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental - Pflugerville, TX

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,589 SF

ZONING

-

APN/PARCEL ID

862325

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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