164 Belterra Village Way - Freestanding FOR SALE


Austin, TX 78737
$4,075,000 USD
312-240-0162
164 Belterra Village Way, Austin, TX for Sale
$4,075,000 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

164 Belterra Village Way
Austin, TX 78737


HIGHLIGHTS

  • AUSTIN, TEXAS INVESTMENT OPPORTUNITY
  • CORPORATE LEASE GUARANTY
  • LOCAL GROWTH METRICS
  • U.S. 290 FRONTAGE
  • LONG-TERM NNN LEASE

OVERVIEW

Northmarq is pleased to offer for sale, the fee-simple interest in the single-tenant urgent care facility located at 164 Belterra Village Way in Austin, Texas (the “Property”). The Property is leased to Community Care Partners, LLC, DBA Texas MedClinic, and corporately guaranteed by CCP Holdings, LLC. Texas MedClinic is a leading provider of urgent care, primary care and occupational medicine services across the State of Texas with 33 clinics. It is a part of the Community Care Partners (“CCP”) network, which operates 107 facilities under four banners in six states and is one of the fastest-growing companies in the country with 464% growth over the last three years. As of 2025, CCP is the 9th-largest independent urgent care operator in the U.S., having moved from 11th to 9th in just the last year alone. Brand new build-to-suit construction in 2024, the Property is operating under a 15-year NNN lease followed by two, five-year option periods. The lease features virtually no Landlord responsibility (structural obligations mitigated given new construction and Tenant responsible for the roof) and includes 2.00% annual rental increases. The Property offers frontage on U.S. 290, the primary East/West corridor in Austin, TX and the most active corridor for development in the MSA. 290 is currently undergoing a massive expansion project to add additional lanes, on/off ramps, interchanges, etc. to handle the rapidly growing population on Austin’s west side. The Property is part of the Belterra Village Shopping Center, a 310,000 SF retail development with major national tenants such as Chick-fil-A, EVO Entertainment, ACE Hardware, Spec’s, Gold’s Gym, Dunkin’, UPS, IHOP, Chase and numerous others. The center was awarded the “Best Retail Development” in Austin in 2019 by the Austin Business Journal and is within the larger Belterra Master-Planned Community (“MPC”), the largest MPC in the region that includes single-family homes, senior housing, medical, hotel and retail space. The Property is roughly 15 miles west of Downtown Austin towards Dripping Springs. The local submarket is one of the most rapidly developing areas in the city of Austin and one of the strongest growth markets in the entire U.S., currently boasting all-time low vacancy rates of just 1.80%. Dripping Springs (5 miles east of the Subject Property) has long been recognized as Austin’s next “boom market” with the population having doubled in the last 5 years and continuing to increase by over 12.00% annually. The city of Austin is one of the fastest-growing markets in the country and was the #1 fastest-growing MSA every year from 2011 – 2023.

FOR SALE DETAILS

PRICE

$4,075,000 USD

PRICE/SF

$1,019 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas MedClinic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brandon DuffNorthmarqMore Info
312-240-0162

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Brandon DuffNorthmarqMore Info
312-240-0162

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