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3900 FM-1460
Georgetown, TX 78626
Building C · Retail Property For Sale


Investment Highlights
- New Class A construction
- Strong contractual rent growth
- Market at 1460 project under development
- 100% occupied with 10-year NNN leases
- Embedded in master-planned community
- Prime location near tech corridors and other major economic drivers
Executive Summary
Shops at Teravista – Building III is a newly constructed 9,321-square-foot, Class A multi-tenant retail center situated in the rapidly growing community of Georgetown, Texas. Completed in 2025, the property features three demised suites that are fully leased, with build-outs accommodating medical (pediatric dentistry), grocery, and wellness tenants. All leases are on new 10-year, triple-net terms, and include scheduled rent escalations during the primary terms.
Adjacent pad sites 7-Eleven, Dutch Bros Coffee, Guidepost Montessori, and a new multi-tenant center adjacent to the subject property (under construction) that will be anchored by Baylor Scott & White Institute for Rehabilitation. Market at 1460, a 55-acre mixed-use development, is currently under construction directly across Farm to Market Road 1460. Shops at Teravista is less than four miles away from Round Rock Premium Outlets, a 430,000-square-foot shopping mall featuring 125 stores, as well as Baylor Scott & White Medical Center – Round Rock. The medical center is currently undergoing a multi-phase renovation project, including construction of a new patient tower providing additional medical/surgical patient beds, a newly expanded ante- and post- delivery women’s unit, a new conference center, continuing medical education spaces, and administrative offices.
Adjacent pad sites 7-Eleven, Dutch Bros Coffee, Guidepost Montessori, and a new multi-tenant center adjacent to the subject property (under construction) that will be anchored by Baylor Scott & White Institute for Rehabilitation. Market at 1460, a 55-acre mixed-use development, is currently under construction directly across Farm to Market Road 1460. Shops at Teravista is less than four miles away from Round Rock Premium Outlets, a 430,000-square-foot shopping mall featuring 125 stores, as well as Baylor Scott & White Medical Center – Round Rock. The medical center is currently undergoing a multi-phase renovation project, including construction of a new patient tower providing additional medical/surgical patient beds, a newly expanded ante- and post- delivery women’s unit, a new conference center, continuing medical education spaces, and administrative offices.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
9,321 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$4,773,000
Price Per SF
$512.07
Cap Rate
6%
NOI
$286,380
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
2.54 AC
Amenities
- Signage
Property Taxes
| Parcel Number | R641106 | Improvements Assessment | $3,280,442 |
| Land Assessment | $1,991,563 | Total Assessment | $5,272,005 |
Property Taxes
Parcel Number
R641106
Land Assessment
$1,991,563
Improvements Assessment
$3,280,442
Total Assessment
$5,272,005
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