Heartland Dental, Celebree, Domino's & True Core Fitness
For sale1890 Crystal Falls Pkwy, Leander, TX 78641
Property type
Retail
Price
$14,400,000
Building size
25,154 sf
Year built
2024
Occupancy
100%
Lot size
3.88 Acres
CAP
6.21%
Net Operating Income
$894,350
Property description
Franklin Street is pleased to present this newer construction 25,154 SF retail development in Leander, Texas. Leander is a bedroom community in the Austin MSA that is experiencing substantial population growth. The Austin MSA continues to be one of the fastest-growing MSAs in the country, with 2.62 million residents now living there. The Austin–Round Rock MSA consistently ranks as the No. 1 economic boomtown and topperforming major metro in the United States, earning the top spot in LendingTree’s economic boomtown analysis for the third consecutive year and leading the nation in housing unit and new business growth. The property consists of three new buildings, with tenant leases structured in a typical net-leased fashion where tenants fully reimburse their pro-rata share of the property’s expenses. The tenancy supports the strong growth in the surrounding mature neighborhoods with Heartland Dental, Celebree School, Domino’s Pizza, and TrueCore. The property benefits from cross access with Crystal Falls Town Center, a 94,920 SF Randalls-anchored premier grocery center generating additional daily traffic, and sits minutes from Costco, Lowe’s, Kohl’s, and Petco, among many other national retailers.
Property highlights
- Newer Construction 25,154 SF 3-Building Development in the Austin MSA
- National Tenancy: Heartland Dental, Domino’s Pizza, Celebree School, and TrueCore
- Stable Income Stream: 8.8-Year WALT
- Rapidly Growing, Affluent Austin Suburb: $187K AHI within the 3-Mile Radius
- Shadow-Anchored by a Top-Performing Randalls — 96th Percentile of Stores Nationally (Placer.AI)
- Built-in Rent Bumps Creating NOI Appreciation: 2.22% 10-Year CAGR
- Densely Populated: 161,992 Residents within 15 Minutes of the Property