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635 University Blvd
Round Rock, TX 78665
Shops at University · Retail Property For Sale
Executive Summary
11,462 SF Fully Occupied Class “A” 6 Tenant Strip in Round Rock, TX
2021 Construction Featuring Drive Thru End Cap
Service Oriented Tenant Mix of National, Regional & Local Operators
Premier Positioning Fronting University Blvd – One of Round Rock’s Primary Retail Corridors
Healthy In-Place Cash Flow with Embedded Rent Growth Across 75% of the GLA
5.5-Year WALT with Meaningful Mark-To-Market Upside – Current Rents Approximately 15% Below Market
Ample Parking (5.06:1,000 SF) and Multiple Points of Ingress/Egress Off University Blvd
High Barriers to Entry Market I Round Rock is One of the Fastest Growing Submarkets in the Austin MSA I 96.7% Retail Occupancy & 23% Rent Growth Since 2010 Demonstrating Healthy Fundamentals
Affluent Demographics and Dense Buying Power I AHHI Exceeds $136,794 within 1 Mile Radius;193,526 Residents Within 5 Mile Radius
Surrounding National Retailers Include: H-E-B, Goodwill, Crunch Fitness, Burlington, Starbucks, Chick-fil-A, Raising Cane’s, CVS, and Many More
2021 Construction Featuring Drive Thru End Cap
Service Oriented Tenant Mix of National, Regional & Local Operators
Premier Positioning Fronting University Blvd – One of Round Rock’s Primary Retail Corridors
Healthy In-Place Cash Flow with Embedded Rent Growth Across 75% of the GLA
5.5-Year WALT with Meaningful Mark-To-Market Upside – Current Rents Approximately 15% Below Market
Ample Parking (5.06:1,000 SF) and Multiple Points of Ingress/Egress Off University Blvd
High Barriers to Entry Market I Round Rock is One of the Fastest Growing Submarkets in the Austin MSA I 96.7% Retail Occupancy & 23% Rent Growth Since 2010 Demonstrating Healthy Fundamentals
Affluent Demographics and Dense Buying Power I AHHI Exceeds $136,794 within 1 Mile Radius;193,526 Residents Within 5 Mile Radius
Surrounding National Retailers Include: H-E-B, Goodwill, Crunch Fitness, Burlington, Starbucks, Chick-fil-A, Raising Cane’s, CVS, and Many More
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,332 SF
Building Class
B
Year Built
2021
Price
$6,800,000
Price Per SF
$600.07
Cap Rate
6%
NOI
$408,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.35 AC
Zoning
C-1A General Commercial - C-1A General Commercial
Parking
58 Spaces (5.06 Spaces per 1,000 SF Leased)
Frontage
152’ on University Boulevard
Property Taxes
| Parcel Number | R589888 | Improvements Assessment | $3,585,366 |
| Land Assessment | $2,214,634 | Total Assessment | $5,800,000 |
Property Taxes
Parcel Number
R589888
Land Assessment
$2,214,634
Improvements Assessment
$3,585,366
Total Assessment
$5,800,000
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