4820 Ross Rd
Del Valle, TX 78617
New Retail Center Coming in Austin, TX · Property For Lease

Construction of the subject retail center is scheduled to begin by Spring, 2021 with occupancy in early 2022. The area is significantly underserved with respect to retail, restaurants and medical services. This center is ideal for medical/dentist, health clinic, real estate, insurance, tax prep, pawn shop, car title loan, dry cleaners, hair salon, physical therapist, cell phone. There are several new subdivisions in the immediate area with no retail or restaurants nearby. Del Valle ISD 2020-2021 enrollment is over 10,000 students of which 5,000 attend one of the three schools on Ross Road within one-half mile of the subject. Average daily attendance is 97%. The Del Valle ISD administration building has 100 full-time employees and is adjacent to the high school opposite the subject retail center. Del Valle ISD recently purchased 56 acres of vacant land between the high school and SH-71 to the north. Instead of building another high school as the area's population grows, Del Valle ISD is going to turn the current high school into a mega-campus. A performing arts center with an all glass exterior is going to be built opposite the subject retail center. Oak Ranch is a high-end modular housing community located immediately to the west and south of the subject. The owners recently purchased 180 acres for the expansion of Phase 2. Development of Phase 2 is nearing completion and it will significantly increase enrollment in the three schools on Ross Road. The 300-unit Eastridge Luxury Apartments are located just south of the subject and were completed in October, 2020. Occupancy is already at 96%. The Dollar General store adjacent to the subject is reportedly one of the top 5 grossing Dollar General stores in Texas. The new Tesla Gigafactory is located a short distance to the northwest.