104-106 Northwest Drive 104 Northwest Dr 6,481 SF Retail Building Round Rock, TX 78664 $2,200,000 ($339.45/SF) 6.40% Cap Rate

This portfolio sits at 104–106 Northwest Dr, just west of the Downtown Round Rock Historic Commercial District (National Register, covering the 100–200 blocks of E. Main St). This puts the assets within a short walk of Main Street restaurants, boutiques, and Centennial Plaza—the city’s programmed event lawn and amphitheater. The downtown core hosts regular civic and cultural events (e.g., the Round Rock Arts Fest), keeping foot traffic and visibility high well beyond office hours.
A few minutes east sits Kalahari Resorts & Conventions, a regional destination with 975 guest rooms and 200,000 SF of flexible meeting space, plus a major indoor waterpark and family entertainment venues driving year-round visitation, corporate events, and hospitality spend. This complements downtown’s daily restaurant traffic and nightlife, bolstering service-oriented tenancy options at the subject site.
Access & mobility.
The properties benefit from quick connections to I-35 and US-79/Palm Valley Blvd, the city’s primary north-south and east-west corridors
Zoning & use flexibility.
Both buildings are marketed under C-1 (Commercial) allowances retail and office among permitted uses supporting straightforward re-tenanting across professional services, boutique retail, studio/academy, or medical/professional office concepts.
With tenants intending to remain on triple-net terms (tenants cover taxes/insurance/CAM), the portfolio targets low-touch ownership and durable cash flow. The downtown adjacency plus destination-grade demand drivers (Kalahari, ongoing downtown events) support long-term occupancy and exit flexibility—either hold as a two-building portfolio or future carve-out sales.