San Clemente at Davenport
3600 North Capital of Texas Highway, Austin, TX, 78746, US
2,957 m²
Asset Description
Jones Lang LaSalle (“JLL”) is pleased to offer the opportunity to purchase Cypress Creek Village (the “Property”), a 28,566 square foot retail center in the Cedar Park submarket of Austin, Texas. Located off South Lakeline Blvd and Cypress Creek Road, Cypress Creek Village is conveniently accessible to the surrounding affluent residential neighborhoods and premier schools, establishing itself as a go-to retail destination for locals and visitors alike.
Cedar Park has seen tremendous growth over the last decade, ranking as one of the fastest-growing cities in the U.S. This growth has fueled strong retail fundamentals, as proven by an average occupancy rate of 96% since 2020.
With 6.3 years of remaining average lease term, 26% below-market rents, and 4,099 square feet of existing vacancy, Cypress Creek Village offers investors a superior value-add investment opportunity within one of the nation’s strongest retail markets.
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Attributes
Building area net
2,654 m²
Occupancy
86%
Year built
2001
Land area net
1.42 ha
WALT
6.3 years
Media
Investment Highlights
- Mark To Market Opportunity
- Value-Add Opportunity Through Lease-Up While Retaining Positive Cash Flows
- Cedar Park Has Ranked As One Of The Fastest-Growing Cities In The U.S.
- Strong Retail Fundamentals Within The Submarket
- National Credit Tenancy
Contact brokers
Cypress Creek Village (0 Properties)
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Last updated
3 Apr 2025
