Havertys Furniture (Absolute Net Lease)

Havertys Furniture (Absolute Net Lease)

Cedar Park, TX

Cedar Park, TX

Havertys Furniture (Absolute Net Lease)

Offered for sale is an absolute net lease Havertys Furniture located in Cedar Park (Austin), Texas. The 53,105-square-foot building sits on 5.27 acres near Lakeline Mall and is positioned within a dominant regional retail cluster alongside Macy’s and JCPenney with proximity to Target, H-E-B, and Alamo Drafthouse, offering exposure and below-market in-place rent of $9.57/SF. The tenant has operated at this location for more than 25 years and recently exercised an option, demonstrating continued commitment to the site, with a lease that includes one remaining five-year option and tenant responsibility for roof and structure. The property is located at a signalized hard corner with combined 16,267 VPD and direct access to TX-183 (115,175 VPD), serving as a primary access point into Lakeline Mall.

Price $6,744,000
Cap Rate 7.53%
Building Size 53,105 sqft
Lot Size 5.27 acres
Year Built 2000
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease With 6.3 Years Remaining
  • 25+ Year Operating History | Recently Exercised Option With Six Percent Rent Increase Scheduled for September 2027
  • Signalized Hard Corner With Combined 16,267 VPD and Direct Access to TX-183 (115,175 VPD)
  • 53,105 SF Building on 5.27 Acres Near Lakeline Mall at Below-Market Rent of $9.57/SF
  • Roof Replaced in 2021 | Warranty Through November 2041
  • Affluent Trade Area With $158,534 Average Household Income (Five-Mile Radius)
  • 235,051 Residents and 211,408 Daytime Population (Five-Mile Radius)
  • 1,751+ Multifamily Units Within Immediate Trade Area Supporting Daily Traffic
  • Austin Ranked Top 10 U.S. Market for Retail Sales Growth in 2026 With ~3.2%–3.8% Vacancy

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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